Structured Development Plans New Chicago Building
- Aug 18, 2017
Structured Development is planning to bring a new mixed-use building to Chicago’s Lincoln Park. Construction at The Shops at Big Deahl, the upcoming 200,000-square-foot project, will start in early 2018. The property will be built on a 2.5-acre site at the corner of Dayton and Blackhawk Streets.
“The Big Deahl site represents one of the few remaining large sites just east of the North Branch Industrial Corridor. We recognized the incredible potential of this site over a decade ago when we started NEWCITY, just one block to the east,” said Michael Drew, founder of Structured Development, in prepared remarks.
Laying the groundwork
The plans for building The Shops at Big Deahl started in 2015, when Structured Development bought the former home of Big Deahl Productions at 1450 N. Dayton St. Another step was the recent purchase of an adjacent property, a 40,000-square-foot office building at 855 W. Blackhawk St. The latest investment was financed with the proceeds from the sale of a 100,000-square-foot office property in Chicago’s Clybourn Corridor at 1333 N. Kingsbury, part of Structured’s portfolio.
Upon completion, the project will offer retail space along Blackhawk Street as well as office space at the upper floors. The developers are planning to improve functionality with an open-air parking structure and to provide architectural continuity through a rotated cube design.
Image courtesy of Structured Development