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January 2008 EDGEWATER DEVELOPMENTS
News from our Business Districts
Dear Edgewater,
The Edgewater Development Corporation strives to attract new businesses to Edgewater, shape developments in our business districts to best serve the entire community and give voice to a community vision for our business districts.

Read on to hear about some of our recent work or visit our web site to read more about us.
 
New Cast Coming to Broadway

The Curtain Opens On These New Acts

You undoubtedly have noticed the new faces appearing on Broadway.  We've been talking about this new cast for the past few years, and now they are finally taking the stage.  Their appearance announces a new act that promises to re-energize Broadway, our main commercial corridor. 

New residents living along the Red Line means sustainable transportation at the doorstep.  New retail on Broadway means walkable shopping, dining and entertainment opportunities.  New housing on Broadway means more pedestrians to enliven the streetscape. We like this new script!

 And now for the updated headshots:

The Granville construction in process

The Granville at Granville & Broadway.  Construction has been going on for many months now.  It seemed like it stopped at the 3rd floor; but the developer, Bill Platt, explains that over 50% of the steel in the building is in the 3rd and 4th floors, so much work was occurring to set the stage for the upper floors that you now see rising.  The retail space should be completed by next summer and the residential shortly after that.  A new Staples office supply store will occupy part of the first floor and be convenient for local businesses and Loyola University students & staff.  In addition, the new residents in the 160 condos will add new livelihood to the area.  The building offered 16 of the condos through the City of Chicago's affordable condo program CPAN (Chicago Partnership for Affordable Neighborhood Condos).  For more information on this program go to www.cityofchicago.org/housing .

6124 N B'way complete 

6124 N Broadway.  This 5-story building brings a handsome new face to complement its historic neighbor that houses the Broadway Antique Market.  The building includes ten new residential units and 1350 square feet of new commercial space.  The commercial space is available for purchase by that lucky business that wants to own their space.  For more information, go to the "Available Properties" page at www.edgewaterdev.org .

 

Edgewater Glen CondosEdgewater Glen - 5858 N Broadway.  This 6-story building is being developed by Lettvin Development and includes 34 new condo units and over 3,000 square feet of retail space.  This will bring some great new vitality to what has been a rather sleepy stretch of Broadway, across from the Broadway Armory.  The retail space in this building is also for sale, more information on the "Available Properties" page at www.edgewaterdev.org .

5642 N Broadway5642 N Broadway.  This 4-story building adds 6 condo units and 2 commercial spaces to the 5600 block of Broadway.  A salon recently opened in one of the retail spaces.  The remaining space is available for lease and more information is on the "Available Properties" page at www.edgewaterdev.org .
 

Transit Makes Edgewater More Affordable
 

Living in Edgewater gives us an economic leg up when it comes to transportation expenditures.  With strong access to public transportation, we spend an average of 47% less on transportation costs than the average resident of Northeastern Illinois ($5064 vs. $9472).  As you can see, this adds up to big annual savings that can be put towards other financial needs. You can view these maps at http://transitfuture.cnt.org/maps/

However, our public transportation system is in danger of withering away through insufficient funding.  The CTA, METRA and PACE have all been diverting to operating costs budget dollars actually meant for capital investments.  This is a short-term solution with severe long-term consequences.  It would be similar to a car owner not spending the money for a tune-up so they can fill the gas tank. If you care about transit, be sure to contact your state legislators to let them know that you want to see a long-term funding solution to keep our transit running.

TransitFuture logo

TransitFuture is a campaign launched by our friends at the Center for Neighborhood Technology to advocate for both reform of the Regional Transportation Authority and for a sustainable increase in its funding by the State of Illinois.

  Laos Lands in Edgewater
Sabai Dee facade

Laotian Cuisine may seem exotic, but it's now easily accessible at a new Edgewater dining spot. Sabai-Dee (roughly pronounced "suh-buy-dee") has opened at 5359 N Broadway, right next door to the Golden Pacific Market.  Kevin Wong, the owner, grew up in Laos and describes the cuisine as similar to Thai but less sweet.  He chose this location for it's good exposure on Broadway and to be far enough from Argyle to develop a unique identity for his new restaurant.  The restaurant's name can mean either "hello" or "how are you?" in Laotian.  So stop by and greet the friendly staff with your newly learned Laotian, and while you're at it taste something at this new BYOB spot. You can order the combo special, a bargain at $3.99, and select two of the many entrees from the cafeteria-style counter, or you can select items off the menu that average around $5.99. Some of their menu specialties include Nam Salad - a crispy rice salad, Pa-Lo - Tofu, boiled egg and pork belly, and homemade Laotian Sausages - such as the Lao Pork Sausage.They are open from 10 a.m. to 8:30 p.m. in the winter months but will extend these hours in the spring.  Both Time Out Chicago and the Chicago Reader have already reviewed this spot.

Volleyball Teamwork Benefits Care for Real

by Adam Burck
On and off the court, these guys rock!
Kevin Hansen face pic

Some dear friends with whom I play volleyball in the Chicago Metropolitan Sports Association and the Windy City Athletic Association joined forces to gather clothing for the Care for Real winter clothing drive. Kevin Hansen coordinated the effort that generated over 4 large bags of clothing and winter jackets.  Thanks to all of the wonderful folks who contributed to this effort.  Your donations brought warmth and style to those with limited means, and we hope our thanks bring some warmth to you. Many happy returns --- and may you excel on the volleyball court!

EDC Works to Ease Property Tax Burden

Local Coalition Advances Recommendations
 
EDC has brought together a coalition of local groups to develop recommendations for easing the ever increasing burden of property taxes on our community. We have forwarded these recommendations to our local City and State elected officials and asked for their support in helping to advance our cause.  We have asked for relief for all property classes, so that homeowners and business owners alike will receive relief from the escalating taxes that threaten to make living and operating a business in our community an unsustainable proposition.  We recommend that the "Ma and Pa' exemption for locally owned businesses be expanded, so that more small businesses/property owners will benefit.  In addition, we have recommended that we put less reliance on property taxes to fund education.

EDC is joined in these efforts by the Edgewater Community Council, the Edgewater Chamber of Commerce, the Edgewater Uptown Builders Association, the Andersonville Chamber of Commerce, the Andersonville Development Corporation, and the North Broadway Property Owners Association.  Alderman Smith and the 48th Ward staff have been very supportive of our efforts and are advancing these recommendations to policy makers at the City and County levels.  We will keep you posted on our efforts.
 
It's as Easy as 1-2-3!

Help for New or Expanding Businesses

1. The City of Chicago Department of Business Affairs & Licensing offers a monthly schedule of classes designed to help our businesses grow and flourish. Topics include "How to Write a Business Plan", "How to Obtain or Renew a Sidewalk Cafe Permit" and "Financial Incentives for Businesses". Check out the full list of FREE classes by going to www.cityofchicago.org/businessaffairs .

2. A coalition of local organizations is offering an upcoming Business to Business Expo on January 30th at 7547 N Clark.  For more information, call 773-769-1992.  Experts will be on hand to provide tips on issues including:
  • Marketing
  • Insurance
  • Web Development
  • Banking
  • Interior Design
3.  The Small Business Development Center at Uptown Center Hull House is available year-round to help businesses and prospective businesses. They offer workshops and one-on-one consultations on how to write a business plan, on the types of financial assistance available for businesses and entrepreneurs, and on many more issues.  For more information, call(773) 561-3500 or visit them on the web at:  www.hullhouse.org/programsandcenters/program/smallbusinessdevelopment.html
 
 
Contact Information
phone: 773-506-4016
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This publication was funded in part by the City of Chicago Department of Planning and Development TABG Program and does not necessarily represent in whole or in part the viewpoints of the Department of Planning and Development.

Adam Burck, Executive Director
Edgewater Development Corporation