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Construction Adds Two New Edgewater Businesses To North Broadway

The beauty of the Edgewater community stems from its variety — high-rise apartment buildings on its eastern shore, mansions along Sheridan Road, condominium complexes, mid-rise and single-family homes and commercial businesses to the west.  Since 1980, when local business owners and the Chicago City Council orchestrated a revival, the neighborhood has become a culturally diverse, vibrant and thriving area.  Trade is crucial to a mixed-use community because retail stores, restaurants and entertainment not only bring revenue, but they offer the convenience of walking to service establishments and retail stores close to home. Plus, a genuine mix of businesses and neighbors makes for a safer and all-around prosperous community.  Physicians Immediate Care is one of those convenience-oriented establishments opening soon in the neighborhood.

mbbankMichael Nortman of Crossroads Development purchased the Fair Muffler building earlier this year.  Physicians Immediate Care is the third property in the neighborhood that Nortman’s company has rebuilt or restored.  The other two are Walgreen’s and LA Fitness on Broadway.   Physicians Immediate Care is a Midwest leader in urgent care and occupational health services.  No appointments are required and most clinics are open seven days a week, up to 12 hours a day, to treat non-life threatening illnesses and injuries. The new building, approximately 4,000 square feet at 6140 N. Broadway plans to open its doors in June.

Just south of the new urgent care provider, more construction is underway on the southwest corner of Thorndale and Broadway.  5930 N Broadway, vacant for many years, will be MB Bank’s new spot when it relocates from 5960 N. Broadway. “The new location will hold the corner, with a drive-thru in the back and a parking lot on the side. The building will provide additional lighting and security cameras to contribute to a safe Thorndale and Broadway intersection.  In June 2012, the community voted in support of a special use permit for a driveway.”MB Bank will finalize the move to its new location at the end of May or beginning of June 2014, according to Joe Padorr of Seneca Real Estate Advisors.

Joe Pardorr and Seneca have the leasing assignment for the entire block from 5936 to 5960 N. Broadway.  “The south end of the block is fitting for office users such as attorneys, association groups and theater groups,” says Padorr.  He is currently talking with interested merchants, both local and national, to bring a diverse and the best tenants to Edgewater, including a salon for a locale next to St. Andrews and a local coffee roaster for the northwest corner of Thorndale and Broadway.  “Once MB Banks relocates from the north end of the block, this beautiful building will be available, and we are looking for a good tenant that will be good for the community.  Because this is a major community route for people going to and from Chicago, Evanston, Wilmette and Winnetka, this is the perfect location for the perfect tenant,” states Padorr.  “The outstanding marquee vintage space is in pristine condition.  Its 20-foot ceilings have the original plaster with gold leaf finishes that harken back to the early part of the 20th century when this space was a popular night club.” The structure at 5960 N. Broadway is indeed a magnificent building that has historical significance.   The available space total area is about 22,500 sq. ft.  The mezzanine of the 5960 N. Broadway building alone harbors about 7,000 sq. ft. with several offices on the second floor.  Seneca is on the spot because they have the exciting challenge of filling the block with solid users that can best benefit the community.   One of the challenges would be adding parking spaces because “the larger the tenant, the larger the parking demand.”  United Investors, the group that owns this property, is willing to make some modifications without limiting or radically changing this landmark.  “Seneca is dedicated to pursuing a diverse tenant mix for these sites that will benefit the community for the long haul,” Padorr concludes.

Across the country, this winter’s harsh weather left many businesses in distress and struggling to keep their doors open.  Having local businesses within walking distance is important to our home life and they impact how we feel about where we live. Buying local is the best way to support our communities and help them continue thriving.  The neighborhood is teeming with local theaters, shops, eateries and parks.  Shop local!  Continue helping the neighborhood prosper!

 


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