East 39th Street Commercial Corridor Plan by Chris Devins

chrisdevins

Street Commercial Corridor Plan is a comprehensive commercial real estate development plan that envisions the future of the East 39th Street Commercial
Corridor and the surrounding 2 mile trade area in Chicago, based on current demographic, real estate market, zoning, land use, political and commercial business data. For more visit Chris Devins Creative on the web. https;//chrisdevinscreative.com

PRIMARY MARKET AREA

The primary market area is the half mile

radius extending out in all directions

from the corner of 39th and South Martin

Luther King Drive, which was once

the start of the main shopping strip

going westward. For the pedestrian

this is a 15 minute walk, for the commuter

a five minute drive. Within this

area 39th street faces competition from

35th and 43rd, which both have more

highly developed retail corridors. At the

Lake Meadows shopping mall there is

500,000 sq feet of space housing a Jewel

Foods, a Walgreen’s and a Dunkin’ Donuts.

There is a Chase National Bank on

the corner of 35th and King Drive.

To the west on 39th by 90/94 there are

several lots large enough for national

and regional stores in the 60,000 to

140,000 square ft., but currently consumers

have very few retail options on

the corridor. Food options are scarce

also; there are two sit-down restaurants

and a fast food restaurant. Since 39th

is surrounded on all sides by competing

retail corridors and experiences significant

retail leakage, its main customers

will be those residents coming online in

the immediate half mile trade area. The

three and five mile trade areas are not

as much of a factor because Downtown

Chicago lies within, which shifts the

locus completely.

Figure 4 Primary Trade Area (.5 Mile) Also 1 and 3 mile Source: ESRI Community Analyst

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