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Chicago Retail Hooks Its Wagon to Controlled Development and Residential Financing

Demolitions, Repurposing Retail Alongside Multifamily Is Chicago’s Winning Strategy To Keep Its Supply Tight
The nearly 265,000-square-foot Sawmill Station shopping center opened in Morton Grove, Illinois, earlier this year, roughly two years after the opening of<i> </i>the 250-unit Residences at Sawmill Station<i>.</i> (CoStar)
The nearly 265,000-square-foot Sawmill Station shopping center opened in Morton Grove, Illinois, earlier this year, roughly two years after the opening of the 250-unit Residences at Sawmill Station. (CoStar)
CoStar Analytics
June 5, 2023 | 3:54 P.M.

Savvy development and a larger rightsizing in the market have helped contribute to one of the highest levels of demand for retail space in Chicago in two decades.

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News | Chicago Retail Hooks Its Wagon to Controlled Development and Residential Financing