Take Advantage of the Target across the street!

Take Advantage of the Target across the street!

Good news! Lucky for those who are not graduating this year, a new Target store has opened just off of Sheridan Road, across from the Loyola Bookstore.

The development, called the Concord at Sheridan, is a seven-story mixed use and mixed-income housing and commercial unit that will also include 111 one and two bedroom apartments, 29,400 square feet of retail space — including a Target store — and 136 underground parking spaces to accommodate residents and shoppers.

Three Corners Development Inc. will lead the construction of the new mixed-use building in a contingent agreement with the Chicago Housing Authority (CHA), which currently owns the property. The plan to build the structure was approved by the Chicago Plan Commission May 18 in a unanimous decision. The Chicago City Council also approved the plans July 26. Of the 111 units, 65 apartments will be reserved for Chicago Housing Authority (CHA) residents, who are low-income families in need of affordable housing, and the remaining 46 units will be rented out to the general public.

The main 23,000 square foot retail space was leased to Target for the construction of a “flexible-format store,” a smaller space curated to the needs of Rogers Park, which currently lacks outlets that carry clothing and housewares. Along with traditional Target merchandise such as style, wellness and grocery items, the store includes Chicago-inspired apparel and partnerships with local food brands, according to Target’s website.

How convenient is it to not have to take the red line to the Wilson stop to get your household goods? Now students can get snacks, clothing, beauty needs, etc. at a greater convenience.

Alderman Joe Moore, 49th Ward, said he believes the impact of the new development will be extremely positive for the Rogers Park community, especially Loyola students. This estimated to create 450 construction jobs and 70 to 80 permanent retail jobs and is estimated to bring in $650,000 per year in sales and property taxes. 

However, traffic has already been increasing greatly on Sheridan road with this new addition. There is hope there will be greater traffic regulation after the rest of the construction on Sheridan is done.

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