Please join your neighbors for a community discussion of a proposed redevelopment of 4901 W. Irving Park. The meeting is scheduled for Wednesday, March 11, at 6:30 pm, in the Las Tablas banquet space at 4920 W. Irving Park.
The owners of the site are offering a plan to renovate the existing 50,000-square-foot building to accommodate several new businesses, and the theater on the second floor would be renovated for community and non-profit use.
So far, owners have a signed lease for a Retro Fitness at the site. Additionally, owners have letters of intent from and are working on finalized leases with Starbucks and Aldi’s. There are also discussions with a Culvers franchisee.
The renovated building will also have 14,000 square feet of additional retail space and 12,000 square feet of office space which is being marketed for medical and non-profit uses.
In order to preserve the theater for community and non-profit use, the owners are requesting $2.5 million in TIF assistance. Additionally, the owners need a zoning change from RS-3 to B1-1 for the parking lot behind the building.
This proposed project falls into the mission of the Six Corners Master Plan. The plan is driven by input from residents, businesses, and land owners, and was adopted by the Chicago Plan Commission in August 2013.
To learn more, ask questions, and join the discussion, please come to the community meeting. If you have any other questions, give my office a call at (773) 286-4545.