Saturday, December 22, 2012

Sloopin Top Ten of 2012: #8 - Making Way for The Maxwell

2012 is almost over and with that we fired up our google analytics account to see which stories had the most views during the year.  With that said, we will be counting down our top ten stories of 2012 starting today.
New Renderings of the Maxwell (photo courtesy of bondcompanies)
#8:  Making Way for The Maxwell
Back in January, we posted about plans to move forward with plans to open up a mixed use retail/residential development at the Southwest corner of Canal and Taylor.  We didn't know much at the time, but we were naturally skeptical.  This was the site for a similar project called South Loop Commons that ultimately never happened as it was proposed during the height of the building bubble bursting.

However, movement on the project commenced in June as they began demolishing the old empty building at the space (picture to the right).  It's completely cleared now, however construction hasn't begun on the new building as it sounds as if they still have some building permits that need to be granted.

Last we heard (in early December), the developer has scrapped the residential portion of the plan and is now focusing on the retail component only.  The rendering at the top is the latest plans and according to the developer their shooting for an opening of Spring 2014.

Don't get too excited, but rumored retailers are:
Banana Republic Outlet, Ulta 3, Container Store, Ross, Pier 1, Dicks Sporting Goods, REI and Butcher Burger, Dicks, Chick Fil-a, Burlington Coat Factory, Nordstrom Rack and TJ Maxx
None of this is confirmed and frankly we wouldn't put much stock in it yet.  Should be interesting to see what comes of this in 2013.


Brianbobcat said...

I wonder if they're just temporarily postponing the residential. It seems like a smart idea for them to build the infrastructure to support residential, and then in a couple years when the market is even more stable, they can easily add them back on top.

Anonymous said...

After reviewing the list of rumor stores, I hope there is a chance that stores like Kohls, Carson Pirie Scott, and/or CB2 would get a least at this location. As a matter of fact, CB2, Pier 1, or Container Store; can least space in Southgate Mall on Roosevelt and Canal. There is still two space available in that mall.