News

Is The Clybourn Corridor PMD In Danger?

Steven Vance/Flickr

A public meeting tomorrow will discuss the future plans for development along the Clybourn Corridor PMD, and could bode ill for supporters of keeping the zoning restrictions of the PMD in place.

The meeting comes on the heels of the Buildings Department shutting down General Iron, a scrap metal operation at 1909 N Clifton, for at least 28 building code violations ranging from improper storage of hazardous materials to an unsecured elevator shaft, DNA Info reports. General Iron has failed inspections before but this time the city took action.

General Iron has been in business for over a century but is seen as an antiquated business in an area that has trended more residential over the past 25 years. Developers and their supporters believe the zoning restrictions of the PMD should be lifted to encourage mixed-use. Last month, the mayor floated a proposal easing those restrictions in the form of developers paying a fee that would go to financing infrastructure projects in these districts that would support increased density, such as public transit, bridges and other needs. Should be an interesting meeting, and that's an understatement. [DNA]

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

108-Acre Hawthorne Race Course Buyer Could Put Data Center On Site

Oak Brook Investor Scoops Up Suburban Multifamily Community: The Chicago Deal Sheet

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

Big-Box Deals Push Chicago Industrial Leasing Into National Top 3

Bally's Debt Obligations Raise Doubts Over Casino Operator's Future

With Illinois' Senior Population Set To Grow By 40%, Developers Are Facing A Financing Puzzle

REPORT: JLL In Talks To Relocate Global Headquarters

Illinois' Record Storm Season May Be Changing The Risk Equation For CRE

Venture One Real Estate Lands 132K SF Portfolio: The Chicago Deal Sheet

Related Midwest Is Betting Big On Chicago While Others Hold Back

Bally's Pauses Construction On Portion Of Casino Project Amid City Squabble

Portillo's Lays Off Staff At Oak Brook HQ As It Slows Expansion