GW Properties building Chick-Fil-A drive-thru, 7-Eleven on South Loop lot

The developer is planning 3 retail buildings on the 77K sf lot it bought earlier this year

TRD CHICAGO /
Dec.December 27, 2018 12:15 PM

GW Properties principals Mitch Goltz (left) and Shai Wolkowicki and the the existing Marathon gas station at 1121 South Jefferson Street (Credit: Google Maps and GW Properties)

Chicago’s first drive-thru Chick-Fil-A will occupy one of three new retail buildings planned by GW Properties near the corner of Roosevelt Road and Jefferson Street in the South Loop.

The city’s Zoning Board of Appeals gave the developer permission last week to build the 5,000-square-foot restaurant at the corner of Clinton and De Koven streets, across the street from The Maxwell shopping mall and a block north of the famed Manny’s Deli.

GW Properties bought the 77,000-square-foot lot, which is bound by Clinton, De Koven, Jefferson and Grenshaw Street, for $10.4 million in June. The Chicago-based firm also will redevelop an existing Marathon gas station at Jefferson and De Koven into a 7-Eleven gas station with a 3,500-square-foot convenience store, principal Mitch Goltz said.

Finally, the Chicago-based firm envisions a 10,000-square-foot retail building on a vacant lot on the eastern edge of the site, facing Clinton Street. Aspen Dental will take 3,500 square feet inside the building, and GW is shopping out the remaining space.

The development will join a growing cluster of dining and shopping sites between the Chicago River South Branch and the Dan Ryan Expressway, including a Portillo’s restaurant and McCaffery Interests’ Whole Foods-anchored Southgate Market.

The Mid-America Real Estate Group is representing GW Properties in leasing discussions, Goltz said.

The developer plans to break ground at the site in the spring and open all three facilities by the end of 2019.

Earlier this month, GW and Angelo Gordon secured a $42 million loan to buy and redevelop two Macy’s department stores in Schaumburg and Oak Brook.

The firm is also awaiting permits for a 109-unit mixed-use apartment complex it plans to build overlooking the 606 trail in Bucktown,  and it’s sketching out plans to redevelop the historic Hollander Building in Logan Square, which it bought this year for $5.8 million.


Related Articles

arrow_forward_ios
905 West Fulton Market and DineAmic founders David Rekhson and Lucas Stoioff (Credit: Thor Equities)

Prime & Provisions owner inks lease for new restaurant in Fulton Market

Thor Equities CEO Joe Sitt and a rendering of 800 West Fulton Market (Credit: SOM)

Thor Equities lands $144M construction loan for new tower

Flexport CEO Ryan Petersen and 333 N. Green Street (Credit: Getty Images, Sterling Bay)

Sterling Bay inks tech firm to latest lease at Fulton Market HQ

Chicago Skyline (Credit: iStock)

Windy City’s real estate blown away by other cities

President Donald Trump, Trump International Hotel & Tower 401 N. Wabash Avenue and Cushman & Wakefield CEO Brett White (Credit: Getty Images, Cushman and Wakefield)

Trump Tower has new leasing broker for failing retail space

Ald. Daniel La Spata (1st) and 2620 Hirsch Street in Humboldt Park (Credit: Google Maps)

RBH Group faces setback in its Teachers Village resi project

Freehand Hotel and Queensgate Investment Company CEO Jason Kow

Queensgate lands $44M acquisition loan on hip Freehand Chicago hotel

The Ramova Theatre and Ald. Patrick Daley Thomson (11th) (Credit: iStock)

A real estate encore for the Ramova Theatre

arrow_forward_ios