New Retail/Residential Development Proposed at Canal and Taylor

Big news on the Roosevelt Road retail front as Chicago Real Estate Daily reports on a new development:

Competition for retail tenants along Roosevelt Road in the South Loop may soon get a little tougher.

The Bond Cos., a Chicago developer, plans to build a mixed-use project with about 200,000 square feet of retail space and as many as 460 apartments between Canal and Clinton streets just north of Roosevelt.

Retail development along the shopping strip has stalled since the real estate crash and recession, but many still believe it's only a matter of time before the area becomes the South Side's answer to the busy North and Clybourn retail district near Lincoln Park.

“We have lots of retail interest at the moment,” says Robert J. Bond, co-founder and president of the Bond Cos. The retailers already there “have been extremely successful.”

For those who have been around for a little while you might remember the South Loop Commons, a similar type of development planned for this piece of land.

So what do you think? Will this happen? Is it good?

It was encouraging to hear that there was "lots of retail interest at the moment". However, if that was the case it seems like Roosevelt Collection would be full. Maybe it will be soon?

(Hat tip: AK!)
(Image from Chicago Real Estate Daily)