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East 39th Street Commercial Corridor Plan by Chris Devins

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

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

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SWOT ANALYSIS<br />

Strengths and weaknesses are internal to the corridor, opportunities and threats are external forces.<br />

Strengths<br />

• High Average Daily Traffic<br />

Counts: ADT at 90/94 of 232,800<br />

cars per day. 119,700 at Lake<br />

Shore Drive.<br />

• Rising Median Income: Douglas,<br />

(2010 population 27,022) on<br />

the north side of <strong>39th</strong>, has a median<br />

income of $31,526, up from<br />

2000’s $26,710. Grand Boulevard<br />

(population 26,651), to the<br />

south, has a median income of<br />

$25,249, up from $19,723 in<br />

2000. All figures are in 2009<br />

dollars and adjusted for inflation.<br />

11% of Grand Boulevard’s residents<br />

make $50,000 or more per<br />

year. 15% of Douglas’ residents<br />

make the same.<br />

• Educational Attainment:<br />

15% of Douglas residents have<br />

a Master’s Degree or higher,<br />

17% a Bachelor’s degree. Residents<br />

have a Master’s Degree or<br />

higher, a Bachelor’s degree.<br />

• Available Project Funding:<br />

<strong>East</strong> <strong>39th</strong> <strong>Street</strong> is located within<br />

Tax Increment Financing District<br />

and Enterprise Zone 2.<br />

• Competent Leadership: Dynamic<br />

aldermen in 3rd and 4th<br />

wards.<br />

• An Anchor for the <strong>East</strong> End<br />

of <strong>East</strong> <strong>39th</strong> <strong>Street</strong>: A new large<br />

Dollar General store on the site<br />

of the old Sunrise Grocery at <strong>East</strong><br />

<strong>39th</strong> and Langley.<br />

• A Rise In Population Density:<br />

3000 units of new housing to<br />

be built at Oakwood Shores<br />

and Phase 1 of The Metropolis<br />

development, including 102 condominiums<br />

and anchored <strong>by</strong> a<br />

Roundy’s grocery store, which is<br />

slated to be completed <strong>by</strong> 2013.<br />

• Big Box Store Potential: Large<br />

parcels on the west end suitable<br />

for Big Box retailers.<br />

Weaknesses:<br />

• Few Selling Points: Lack of<br />

identifiable culture within which<br />

to drop the retail (adjacency).<br />

• Difficult to Find: Locked in on<br />

one side <strong>by</strong> 90/94 and the other<br />

<strong>by</strong> LSD and lots of residential and<br />

parks.<br />

• Low Proximity to Employment<br />

Centers: Far from IIT job center.<br />

• No Signage at Interstate 90/94<br />

and Lake Shore Drive: Dull, un<br />

informative highway exits don’t<br />

announce <strong>East</strong> <strong>39th</strong> <strong>Street</strong>’s<br />

presence as a shopping destination.<br />

• 19 Vacant Lots: Decreases<br />

walkability and corridor attractiveness.<br />

Could also be a<br />

strength, as it offers opportunities<br />

for in-fill development that<br />

strengthens the neighborhood.<br />

• Vacant Buildings: 14 vacant<br />

structures. This could also be<br />

a strength, as it allows for infill<br />

development.<br />

• Negative Land Use: Two liquor<br />

stores within 1000 feet of each<br />

other.<br />

• Dilapidated Buildings: Buildings<br />

in need of façade improvements.<br />

• Poor Safety Perception: Polled<br />

residents cite safety as a primary<br />

concern.<br />

• Shallow Lots: Not suitable for<br />

many of today’s retailers.<br />

• Lack of Retail: When lower<br />

population density occurred,<br />

many retailers closed or relocated.<br />

• Moderate Traffic Counts: Only<br />

27

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