A Chicago developer is drawing up plans for another big retail project near the Roosevelt Road shopping strip, a cluster of stores and restaurants that has expanded with the South Loop's rising population.
A venture of GW Properties paid $10.4 million for the 77,000-square-foot property at 1113 S. Jefferson St., the site of a Marathon gas station and garage, confirmed GW principal Mitch Goltz.
He said GW plans a three-building retail project on the site, just north of Manny's Cafeteria & Delicatessen and just west of the Maxwell, a big shopping center that opened a few years ago. Goltz was short on specifics but said GW is already courting tenants for the development and aims to have news about leases over the summer.
We will see. This area in general has seen a lot of plans come up, but never materialize. Stay tuned.
(Hat tip: NS!)
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