April gets going with a bang:
(For comparison, I understand the huge Whole Foods around the corner is 70000sf.)
Bucksbaum, Structured close deal for New City Y site
By: Ryan Ori
April 04, 2012
http://www.chicagorealestatedaily.co...ew-city-y-site
... Mr. Bucksbaum and the project's original developer, Structured Development LLC, have formed a new venture to develop the 8.2-acre parcel just south of the bustling intersection of Halsted Street and Clybourn and North avenues. In a deal that closed last week, an undisclosed investment by Mr. Bucksbaum and a $31 million loan from J. P. Morgan Asset Management helped settle a foreclosure case against the site, confirms J. Michael Drew, a principal in Chicago-based Structured.
On Monday, a Structured joint venture
also closed on the sale for more than $30 million of a
retail center formerly anchored by a Borders store, 755 W. North Ave. ...
The Bucksbaum-Structured venture is moving ahead with a slightly smaller plan, which includes 370,000 square feet of retail, 280 apartments and more than 1,000 parking spaces.
Milwaukee-based Roundy's Supermarkets Inc. already has signed on as the anchor tenant to operate an
80,000-square-foot Mariano's Fresh Market grocery store. Mr. Drew says a deal is being finalized for a
14-screen, 1,800-seat movie theater. ...