Quote:
Originally Posted by Mr Downtown
^Because the possibility of developing residential will always push land values to the point that it's unaffordable for warehousing or manufacturing, as we're letting happen in Fulton Market and Pilsen, as already happened in River North and the West Loop and Canal-Roosevelt and the Ravenswood Corridor. The stuff in Bolingbrook is for distribution to the region; downtown needs a place nearby that support facilities—printers, records storage, delivery fleets, elevator repair, commercial laundries and food prep—can afford to locate.
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1) You're confusing I-55 with the suburbs. There are places that have been popping up in Lower West Side (south of Pilsen) again, Brighton Park, etc. These are not much further, or sometimes any further, away from downtown than Goose Island is to downtown. Also, why does it need to be close to downtown? Being close to transportation hubs is more important for some of these companies than being close to a bunch of corporate offices. Even for something like Amazon Prime, to support a big city like Chicago they need multiple warehouses set up strategically around the area, not just on the north side.
2) According to my permit map, there was a new $31M freezer storage warehouse facility granted a permit in late April as well as a new $10M warehouse granted at the end of September both on Wood st just south of Blue Island. There were also another two warehouses granted permits (one in mid 2015 and the other in January 2016) just south of the train tracks around 33rd St between Pulaski and Cicero with a new trade school in between those. Also new cold storage in mid 2015 at 51st and Millard and 3 new heavy industry/warehousing buildings down in South Deering issued permits in September/October 2016. Also a warehouse issued a permit near Fort Knox Studios in September in Irving Park. Also I believe Nestle Professional Beverages got issued a permit for a big addition to their plant at 18th and Kilbourn either this year or last year.
That's basically 7 new warehouse permits issued in September/October for Chicago and none of them chose anywhere close to Goose Island - not to mention the ones from last year that were in the same boat.
Here's the scene from October for those two sites on Wood just south of Blue Island gearing up for 2 big new warehouses to be built on vacant land:
https://www.google.com/maps/@41.8474287,...ATJkXeSqsgu6TDM6yLQmA!2e0!7i13312!8i6656
3) The days of Goose Island being some wonderland of industrial/warehousing is most likely over or in 10-15 or 20 years will be. Maybe you missed the memo about DMDII and UI Labs, and Uber being a few hundred feet west of the island now. They're going to turn it into a digital "manufacturing" hub and high tech hub - and that doesn't mean what you probably think it does when they say "manufacturing hub." It already started a few years ago and there's no reason to believe it's all of a sudden going to attract a bunch of heavy industrial again, especially granted where a bunch of the warehouses from above have been permitted.
IF big parcels like Finkl Steel are going to change and residential put in there and what not, then we can probably expect Goose Island to be more susceptible to change.