3426 N. Southport is finally for sale

For years it has been known as the “RC Cola” building and seemingly abandoned for decades. It is now finally for sale and we would expect another tear-down opportunity in this prime Southport Corridor location. What would you like to see at this location next to Potbelly?

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Mystic Celt’s Last Day of Business on Southport is January 3, 2016

From earlier this year, the owner of Mystic Celt had sold the building to L3 Capital, and it has been marketed for lease over the past several months. It has now been confirmed that Mystic\’s last day of business on Southport will be January 3, 2016. Look for new retail and/or food establishments coming over the next several months. The property is currently being marketed for up to three separate store-fronts.

You can see the full listing here from Cushman & Wakefield.

Mystic Celt\’s last holiday season on Chicago’s Southport Corridor.

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New Mixed-Use Development Proposed for 3334 N. Southport Avenue

Records have been filed with the Office of the City Clerk to rezone 3334 N. Southport Avenue into a 4-story mixed-use development with retail on the first level.  There would be a total of 8 dwelling units including in this development. Since it is so close to Southport\’s CTA station, it could be considered a TOD.

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J. Crew and SoulCycle Build-Outs Begin; Opening Early 2016

J. Crew and SoulCycle have started their internal build-outs and are both scheduled to open in early 2016.

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J. Crew Southport tentatively scheduled to open in late January, 2016

We’ve reached out to J. Crew about an opening date and they have let us know they are tentatively scheduled to open in late January of 2016.  SoulCycle is also scheduled to open in late January as well.

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L3 Capital buys Mystic Celt

“The owner of the Mystic Celt bar sold its single-story building on Southport Avenue to a real estate investor that has redeveloped several properties on the Lakeview shopping avenue.”

As we wrote about in May, L3 Capital was in the process of buying Mystic Celt, and it was confirmed today by Crain’s Chicago Business.

“The owner of the Mystic Celt bar sold its single-story building on Southport Avenue to a real estate investor that has redeveloped several properties on the Lakeview shopping avenue.”

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B. Rose Salon’s space moving two doors north to Pure Nirvana’s former location

B. Rose Salon is moving two doors north and their current space is for lease.  Pure Nirvana Spa closed several weeks ago, and B. Rose is taking over that space. Rumor on the ‘Port is that a restaurant will be coming into the space, but no word yet on what type/kind.

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Say goodbye to the former Lulu Belle’s Pancake House Building

3819 N. Southport Avenue, former home of Lulu Belle’s pancake house is being torn down for a mixed use development. More information as we receive it, but expect condos and retail in this location.

Crosby’s Kitchen Expanding with an Adult-Themed Dinner Concept

Good news for all of you who have been asking for an adult wine-bar type of space on the Southport Corridor. Crosby’s Kitchen has recently purchased the Wrigleyville Dental space, and will begin a new-concept build out in the spring of 2016. We’ve been told it will be an over-21 space, most likely a Wine Bar/Dinner Bistro establishment. We’re also hearing the possibility / wishlist of a rooftop deck on the space, and the possibility of a tear-down to the old dental space with reconstruction.  So, kid-friendly up front, adult-friendly in the back.

Southport’s TOD could begin development late this year (update – looks like later in 2018 now)

We reached out to Alderman Tom Tunney on the status of the proposed TOD at 3401 N. Southport Avenue as far as when development would take place.  Per the Alderman, the developers still need to go through the planning commission and zoning committee, and then once approved, construction could start later in 2015 or early 2016 (update, we are hearing now 2017).  Galleria Liquors would be coming back as a tenant, but it is unlikely that Rise Sushi will be (they are looking for a new location around Southport however). 

From May’s WLVN meeting, the group voted yes (27-18) in recommending the Southport TOD mixed-use building at 3401-09 N. Southport. See the floor plans below, and more detailed designs can be found at this link.

Your first look at 3401 N. Southport’s Proposed TOD

As we have blogged in the past, Rise Sushi and Galleria Liquors site locations are being proposed for this Transit Oriented Development (TOD).

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