Of all the neighborhoods on Chicago’s south side,
Bronzeville has continued to be in a state of change. The once home of many public housing structures, went through
a phase of new development a decade ago so now the newest change is adding more
shopping centers in the neighborhood and which popular retailers will get there
and Wal-mart are two major retailers that are
reported to be in conversations with the Chicago Housing Authority.
“The city is in
discussions with both of these retailers, and other retailers, as part of a
broader effort to attract new retail to Bronzeville,” said a spokesman for the
city's Department of Housing and Economic Development. No further comments were made at that time.
Mariano’s is reported to have their heart set on a parcel at 39th
Street and Martin Luther King Drive.
Wal-mart appears to be
interested in a corner at 39th Street and State Street. Word on the street is they plan to put one of
their 182,000 square foot supercenters there.
One large determining
factor for both of these corporations is the recent drop in population density
for Bronzeville. Since 2010 the
population density has dropped 13%, over 4,500 people. Benjamin De Los Monteros of Cherry Picker
Investments believes that this is most likely due to the halt in residential
development since 2008.
successful implant of these 2 conglomerates could open doors for other large
corporations like Target, to break ground on other parts of the city where
public housing used to dwell, mainly Cabrini-Green.
Todd Cabanban, of
Cabanban Rubin & Mayberry LLC, a Chicago brokerage said, “It's kind of what
most retailers have been doing over the last few years — finding sites in the
urban fabric, with the density that the city provides.”
He added that ‘the
neighborhood's population density still beats “green grass” sites on the