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
The former Target in Calumet City will be converted into a working farm (Google Maps)

For latest retail redevelopment, old Target will become new farm

For latest retail redevelopment, old Target will become new farm
Cook County Assessor Fritz Kaegi and downtown Evanston

Cook County landlords get bad news about 2020 taxes

Cook County landlords get bad news about 2020 taxes
Joe Sitt and 905 W. Fulton Market (Credit: Thor Equities)

Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off
Ald. Walter Burnett (27th)

Alderman Burnett to lift ban on resi development in Fulton Market

Alderman Burnett to lift ban on resi development in Fulton Market
601 S. Lasalle Street (Credit: Google Maps)

Help wanted: Developer needed to buy $25M property, build tower

Help wanted: Developer needed to buy $25M property, build tower
CMK Companies’ President and CEO Colin Kihnke and 1400 S. Wabash Avenue (Credit: Google Maps; CMK)

CMK scoops up South Loop dev site

CMK scoops up South Loop dev site
Amazon CEO Jeff Bezos with 4306 120th Ave. in Kenosha and 23700 W. Bluff Road in Channahon (Credit: Getty Images; Google Maps)

Amazon is at it again in Chicago

Amazon is at it again in Chicago
The Chicago Loop’s retail vacancy rate could eclipse 20% this year, by some estimates (Photo by Interim Archives/Getty Images)

“There’s going to be pain, and people are going to get hurt”: Chicago retail’s ugly future

“There’s going to be pain, and people are going to get hurt”: Chicago retail’s ugly future
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...