Sale Aids Mixed-Use Redevelopment Plan

CHICAGO-A $2.5-million sale of 12.3 acres in the 9500 block of South Cottage Grove Avenue promises to result in a large mixed-use redevelopment next to Chicago State University. The Edward Gardner family sold parcels on the east side of the north-south street to a development team that includes Mclaurin Development Partners and Trinity United Church, which recently got 35 acres rezoned to accommodate a planned development.

Located near a Metra Electric Line station, the site includes the “House of Kicks” entertainment venue, but is likely to see residential and retail redevelopment. “This site offered a tremendous opportunity for development and appealed to a broad range of buyers interested in the potential of the Burnside Corridor,” says Mike Nardini, who along with CB Richard Ellis colleague Todd Lippman represented the Gardner family.

“The South Side is very active in adaptive development, especially retail and residential, and this corridor is ripe for a change similar to the activity in Chatham and the Near South.”