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

RETAIL DEVELOPMENT OPPORTUNITIES

Old Country Buffet

ESRI Community Analyst shows that the restaurant with

the strongest market Potential Index in the trade area is

Old Country Buffet. Old Country Buffet Specializes in serving

meals in which food is placed in a public area where

the diners generally serve themselves. The all-you-can-eat

buffet, is free-form: customers pay a fixed fee and can then

help themselves to as much food as they wish to eat in a

single meal. An Old Country Buffet would be a “destination”

where locals and commuters could affordably feed

themselves and their families on a night out or after a

baseball game. Featuring a causal atmosphere, the buffet

offers simple American food suitable for both adults and

children such as macaroni and cheese, fried chicken, baked

fish, mashed potatoes and fresh vegetables.

Figure 10 Source: oldcountrybuffet.com

Sports Bar w/ Quality Food

Managed by someone like the Gibson’s Restaurant group, who runs Gibson’s restaurant on Rush Street

and Bacardi restaurant at US Cellular Field, a Sports Bar with quality food would draw some of the average

31,000 fans exiting each of 88 home White Sox games. A 2500 sq ft facility would be just about right.

Successful bars can be in the black within the first year and recover their initial investment within three

to four years 16 . Since the main attraction is sporting events, sports bars have televisions in view of every

seat. Keeping up with the latest in audio and video technology is important. Startup costs and revenue

potential vary depending on the size, concept and location.

16 http://www.entrepreneur.com/article/41460

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