Looks like the Sisters who own the Maryville property are getting more aggressive about marketing it to potential buyers. A reader noticed this sign on the corner of Clarendon and Montrose today. If you know of anyone who might be interested, please ask them to contact
Arthur Hill & Co., a real estate firm that specializes in developing properties.
Did I totally space out and miss something? I thought that space was in development.
ReplyDeleteThat development was shot down by NIMBYs.
ReplyDeleteScott, here's a link to the story about Sedgwick's proposal being denied.
ReplyDeleteAlek, if by "NIMBYs" you mean people who don't want a development noticeably lacking in comprehensive planning coupled with questionable execution possibilities, which would steer $30M+ away from city services at a time when every penny counts, in their backyards then yeah .. you nailed it.
ReplyDeleteI say tear it down and expand the park on one side and make a pay parking garage thats needed by residents who have no place to park on the other. Residents that have no winter parking are screwed in this area. Parking lots make plenty of money and generate plenty of tax dollars also.
ReplyDelete@yo
ReplyDeleteThe more comments I read on the failed Maryville project, the more I get the impression the legit TIF issues are being used as an excuse by NIMBYs who will shoot down a 100% private funded market rate high rise in favor of a parking lot if given the chance.
Alek,
ReplyDeleteit pains me to agree with YO, who is a HO HO HO, but he's right. The main reason people opposed the proposed Maryville development was the TIF issue.
Tertiary reasons for opposing it were a developer with problems, a horrible, horrible PR campaign, and a less than stellar design.
Now some NIMBY types opposed it just because they didn't like the density or just because they are miserable human beings who oppose any change. "I'd like a park". I'd like a Trader Joes". "I'd like a (insert neurotic suggestion here)".
Personally, I would have liked higher density there and a more stellar design along with ZERO TIF funds. Although, I might be talked into supporting TIF funds to pay dollar for dollar for the low income housing "tax" the developer will be forced to pay.
The Capplemaniac has shown a willingness to stand up to the platoon of NIMBY's who opposed the IHOP development in Lake View. I hope and expect he would be willing to stand up to an Army of nimbys over the ultimate disposition of the Maryville site. That site will likely be developed in the next few years.
The credit market for apartment buildings is good and that is generally an excellent location. Unfortunately the city has not taken my suggestion to move the Wilson EL stop to Montrose, but a secondary entrance at Sunnyside is an improvement.
Toodles.
Alek,
ReplyDeleteI couldn't disagree with your statement more.
Personally, I wasn't a fan of the design, or the developer, but if the development process were conducted legally, and without the use of public funds, I would have been more than welcome to pound sand.
I'd easily wager that a lot of people would agree with me.
As for IP .. it always pains you to agree with me, and yet ...
Alek
ReplyDeleteI totally agree with you and hope development happens sooner than later. As for Tif money being used. I would much rather see my tac dollars (tif money) used in my back yard instead of somewhere else. Look at Wilsom Yards, a ton of people complained . A group even tried to block it from happen. However it seems to me that target has done wonders for our area.
Sedwick may not be the right developer, but they did have a nice project lined up. I hope the next developer will have as nice of design
I don't mean to change the subject, but what is the construction on the corner of sunny side and broadway? I'm wondering if the salvation army building is going to be an apt. Building. Looks interesting and cute.... Does any one know?
ReplyDelete@un-baised
ReplyDeletethe building at the corner of sunnyside and broadway will be the new headquarters (moving from river north) of chicago flats, a company focusing on quality rental houseing. a related article is here which also points out they are picking up a lot of units in uptown and edgewater.
http://www.uptownupdate.com/2012/08/uptown-gets-flat-tenned-up.html
However it seems to me that target has done wonders for our area.
ReplyDelete*sigh* .. revisionists ...
The Wilson Yard development was more than the Target - no one had a problem with the Target, and you know it.
The main problem with WY was that the public felt that their voice had been replaced by the voices of special interest groups and/or flatly ignored from a process that included a large amount of public funding, and would have a lasting effect on the neighborhood.
Further, details of the development continually shifted so the public was never sure what, exactly, was going to be constructed. Specifically, yes - the housing aspect.
Based on the track record of the person in the alderman's office at that time, people had right to be concerned.
It could be argued, and rather successfully, that the opposition helped make the housing aspect of the project much better.
So, in the end, it was a win/win for Uptown, and by extension, the entire city. A result of the uproar helped highlight the abuses and wastes permeating the entire TIF program.
Also - TIF dollars, by law, have to be spent within the district. So, your tac (sic) dollars wouldn't go elsewhere.
Though, again Chambo, you probably already knew all of this.
Though, props for trying to get that wedge back into place, champ.
I a last ditch, way too late attempt to salvage the Sedgewick proposal after the 2nd sound rejection the developer offered to donate the parcel on the NE corner to the Park District.
ReplyDeleteThis needs to be brought up on day one of whatever, whenever and by whoever a new proposal is set forth.
We can debate and dialogue about the ultimate use of that parcel, but the consensus was that it should return to the public domain as it once was in the form of a pumping station.
That last gasp by Sedgewick could be their greatest gift to us...the people of Uptown.