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[QUOTE="OttoMets, post: 3847843, member: 716"]
I'd synopsize it, but she did great research and it's really worth the full read without my editorializing: [URL='https://www.strongtowns.org/journal/2018/6/5/whats-up-with-all-those-empty-commercial-storefronts-in-new-mixed-use-developments']What’s up with all those empty commercial storefronts in new mixed-use developments? (strongtowns.org)[/URL]

I will say that there are some good real estate opportunities downtown still, but it's interesting to see properties being scooped up in secondary neighborhoods on the periphery - Near West Side, Little Italy, and even to some extent on the South Side. To me that suggests that the downtown market is tightening up: the low-hanging fruit has been redeveloped, economics don't quite support new construction on vacant lots (or wholesale renovation of the couple enormous vacant properties like Sibley's or the Post-Standard), so developers (in most cases local) are forced to take chances on projects that are outside the traditional core.

I believe this is where we'll generate the critical mass of population that will bring retail demand to fill in all the vacant storefronts. Or the bubble will burst and there'll be no one to fill the new apartments and some lenders will be left holding the bag. One or the other.
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