Zoning Holding Back Development of Finkl Site

Rob F/Flickr

Ald. Brian Hopkins (2nd) wants his constituents to consider zoning alternatives at the former A. Finkl & Sons steel plant plant in the Clybourn Corridor. The site is one of the most sought-after properties for Chicago developers but the planned manufacturing district where it rests would need to be amended or repealed in order for zoning changes accommodating the retail, residential and/or mixed-use development that has transformed the Clybourn Corridor the past 20 years. Hopkins told WBEZ the PMD zoning “is almost like a set of handcuffs.”  One neighborhood group proposes setting aside 115 acres for residential development, while other residents are concerned more housing or retail will increase congestion in the area. Demolition of the remaining structures on the Finkl site is ongoing. [WBEZ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Chicago Office Deals Feature More Scrutiny, Added Tenant Protections

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Local Investor Pays $30M For Block 37 In Heart Of Downtown Chicago

Major Movie Studio Campus Breaks Ground: The Chicago Deal Sheet

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount

RN3 Enters Dutch Logistics Market With DHL Sale-Leaseback Deal

Bears Stadium Saga Shifts Toward Potential Public Ownership Play

KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'

Morningstar To Relocate Global HQ To Renovated Thompson Center

CoreCivic Gets Third Leader In A Year After CEO Resigns

Lululemon Inks Mag Mile Deal: The Chicago Deal Sheet

Construction Tech Firm Kahua Secures Bain Capital Investment At $1B Valuation