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Crews Break Ground On Apartment Complex That Will House New Local Target Store

After entering negotiations with the Chicago Housing Authority (CHA) in June of 2016, Three Corners Development broke ground yesterday on a new high-rise apartment complex that will house a new 23,000 sq ft flexible-format Target retail store.

The development which is officially named ‘The Concord At Sheridan’ will help anchor the busy intersection where Broadway, Sheridan and Devon meet. The seven-story building will have 29,400 sq ft of retail space on the first floor and 111 apartments above. The development also calls for 136 below-grade parking spaces for residents and retail customers and a left-turn bay on Sheridan Road to allow northbound traffic to enter the garage without backing up traffic. CHA has also confirmed that a little over half of the units will fall under their Property Rental Assistance program, and the rest will be rented at market value.

The property which is located at 6418 N. Sheridan is currently a parking lot for the CHA-owned, 22-story, 436-unit Caroline Hedger Apartments for seniors next door. The Concord’s design was created by Chicago-based GREC Architects and will cost an estimated $32 million to build.

The development has garnered mixed reactions with area residents. Though many see the project as a great affordable option for CHA clients, others are worried about the increased traffic and potential loss of small business due to the future Target. Alderman Joe Moore (49th Ward) did say he will be working with the Chicago Department of Transportation to explore additional improvements on Sheridan that would allow for better traffic flow and a more pedestrian friendly environment.

To answer community questions on the construction process, Ald. Moore will hold a meeting concerning construction logistics for Sheridan-Devon development. The meeting will take place Tuesday, December 5th, 7:00 p.m., at the Heartland Health Center, 1300 W. Devon (at Lakewood).

“Given the size and scope of the development, I asked the developer and contractor to appear before the community to clearly lay out their timetable and construction logistics for each step of the project,” said Ald. Moore in a statement. “Representatives from the developer, Three Corners Development, and the construction team, Madison Construction, will be present at Tuesday’s meeting.”


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  • Internetguy

    It may cause more traffic, which is good, Sheridan Road isn’t a highway for north shore people to drive downtown. Slowing traffic down to a reasonable rate is good for business and safety

  • Edgewater_Reader

    This building is worse than the one being proposed to replace the Arcade.

    And with such a high rate of affordable housing — 60% — the whole character of this intersection and this stretch of Devon/Sheridan/Broadway may be negatively impacted — even with a Target (Imagine the day if Target like so much retail should falter, close shop, and leave that giant retail space empty.) In my view, this is one of the worst decisions Alderman Moore has made. The look is cheap and the impact potentially very negative to the area — as many people in this blog and others have pointed out in the past. 60% is just too high.