Quote:
Originally Posted by Randomguy34
It seems like CHA and the city want dense developments by making these sites have unit mimimum counts. Denser and taller development will come to the if a Divison Brown/Purple line stop gets built. However, given it takes about 2 years for the CTA to propose a new 'L' stop and another 2 years to build a new 'L' stop, don't expect the Division stop to come any time soon
So to answer your question, being optimistic about all the development, I would say that strip mall probably won't get developed for about 10 years.
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The Division stop is nice but not essential. The new Red Line entrance at LaSalle/Division already provides decent transit service to this area.
Also, if the city got serious about the Division stop and lined up reasonably secure funding, the city might allow parking reductions in advance on the theory that it takes 18-24 months to bring units online... Right now CTA's priority is on the North Red Line work and reconstruction of downtown stations (Washington/Blue, Monroe/Red, State/Lake).
The strip mall is owned by US Equities, which doesn't really have much of a track record with ground-up development or mixed-use. I'd love for someone like Federal Realty to come in and build a large TOD... like New City, but not as sucky...
http://www.federalrealty.com/