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

Figure 5 Job Distribution in the 1 Mile Trade Area Source: US Census On the Map

The primary job center in the trade area is

the Illinois Institute of Technology campus

at 3300 S. Federal, which employs

2,375 including 659 faculty. IIT is a private

Ph.D.-granting university with programs

in engineering, psychology, architecture

and other disciplines 6 . The self-contained

nature of the Institute means that it

meets many of the needs of its employees,

students and faculty itself. Like all

6 “Illinois Institute of Technology.” Wikipedia, the Free Encyclopedia.

Web. 16 Nov. 2011. .

large schools it has a significant number of

dining options. In 35th Street, it also has

a developed retail corridor that serves it

quite well. Though it may be desirable, it

is doubtful that enough of its attendees or

staff will pass up 35th for 39th Street to

make the Illinois Institute of Technology

a serious factor in the future of East 39th

Street. Of course, successful development

of the corridor would bring with it

be beneficial consequences including more

visits from Illinois Institute of Technology

students, employees and faculty, but these

cannot be counted on.

The dark area is the Campus of the Illinois

Institute of Chicago. Because the 35th

street commercial corridor lies between IIT

and East 39th street, and has a relatively

closed campus environment, it is doubtful

that IIT employees will be a strong factor in

East 39th streets future success.

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