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Overture Edgewater Beach

Overture Edgewater Beach

OVERTURE EDGEWATER BEACH (“OVERTURE”)

Overture will be an active-adult, age-restricted (55 years or older) rental community; an amenity-driven project for active, independent seniors, not assisted living or continuing care. Edgewater meets the criteria for active-adult in terms of access to the lake, parks, shopping, dining, public transportation and demographics.

Amenities
Over 14,000 square feet of exterior amenity space on the 4th level will include a pool, deck, and green roof. Over 9,000 square feet of interior amenity space will include meeting rooms, exercise space, and other amenities to be determined. The lobby, salon, leasing/management office, concierge services and drop-off drive will be on the ground level. Secure bike storage will be in the lower level. Local and express bus service is located just outside Overture’s main entrance on the corner of Catalpa and Sheridan. Both the Bryn Mawr and Berwyn “L” stops are within easy walking distance.

Residences
Overture will consist of 186 apartments; one bedroom (46%), one bedroom + den (15%) and two bedroom (39%) units ranging in size from 791 to 1,218 square feet. Condo-level finishes will include stone countertops, stainless steel appliances, upgraded cabinetry and hardwood-style flooring. Recessed balconies will be included in the majority of the apartments.

Parking
190 indoor, heated parking spaces (over 1:1 ratio) will be available for the residents. 60 additional indoor parking spaces are designated for the 5445 North Sheridan Condo Association (who own the project’s lot on Sheridan and Catalpa). Indoor Parking is accessed only from Catalpa and Sheridan. 17 additional parking spaces are along the alley and can be utilized for visitor parking. 2 more alley spaces are dedicated for car-sharing programs.

Architecture
Designed by local, award-winning architects, Pappageorge Haymes (P/H), Overture will utilize rich building materials such as brick, glass, steel and other elements to define the exterior design and emphasize the project’s residential appeal. P/H has paid close attention to how the building relates to the other adjacent buildings; recessed balconies on all four elevations to provide visual interest; the all-glass component on the northeast corner softens its presence on the Sheridan/Catalpa street corner; the east façade of the residential component of the building is set back 55’ from the property line eliminating any “canyon effect” along Sheridan Road; the entire west façade is set back 20’ from the property line to open up the alley and provide landscaping. Overture will be 18-stories tall, 200’ in height – well below the average height of most of the mid-rises on this block of Sheridan Road. The overall square footage is within the proposed Planned Development zoning.

Rental
Overture’s rental rates will include the building’s amenities. Since the project will not deliver for two years, specific rates are not available at this time. 19 units (10%) will have affordable rental rates as required by the City’s new Affordable Requirement Ordinance (ARO).

Developer
Developed by Greystar (www.greystar.com), a national, top-ten ranked, fully- integrated, apartment developer with $3.2 billion of apartment projects currently in the pipeline across the U.S. Overture will be Greystar’s first project in the greater Chicagoland market. The Carlyle Group, one of the largest private investment firms based in Washington DC, has been slated by Greystar to provide the required equity for the project.

Management
Overture will also be managed by Greystar, the largest apartment management company in the U.S., managing over 400,000 units in 39 markets. Greystar maintains a regional management office in downtown Chicago and currently manages 6,000 units in the Chicagoland area, including many of the most notable luxury apartment communities: SoNo East, Optima Chicago Center, E2, Halstead Flats, K2.

General Contractor
The General Contractor will be Lend Lease, the international GC who built “The Admiral” at Foster and Marine Drive.

Community Process
Alderman Osterman has requested that Greystar, as the developer of Overture, present the project to the neighboring community for their input. We welcome your comments. At the conclusion of the community review process Alderman Osterman will hold a final advisory community meeting to ascertain the community’s views of the project for his final decision. Greystar will then file Planned Development and Lakefront applications with the City’s Department of Planning and Development.

Edgewater Development Corporation is helping facilitate Ald. Osterman’s community process for the Overture Edgewater Beach Proposal. As a City of Chicago delegate agency that is community based, EDC is experienced with the 48th Ward process, zoning, and community stakeholders. Edgewater Development Corporation can be reached at (773) 506-4016 or info@edgewaterdev.org.

For more information contact: Graham Grady, zoning attorney: (312) 836-4036 or GGrady@taftlaw.com.

Trinette Britt-Johnson resigns as Edgewater Development Corporation’s Executive Director

Trinette Britt-Johnson

After nearly six years at the helm of the Edgewater Development Corporation, Executive Director Trinette Britt-Johnson has announced that she will be leaving that position, effective April 10, 2015, to manage her own full service real estate development company, TBJ Development Group.

During her tenure, Trinette has helped established EDC as an independent resource for developers, brokers, business owners, and entrepreneurs looking to establish or expand in the Edgewater area. Some of her many accomplishments include developing EDC’s Dealmakers and Small Business Expo events and coordinating programming for free educational workshops for small business owners. Before departing, Trinette announced the unveiling of EDC’s new office and Co-Work Resource Center. It is Edgewater’s only shared workspace resource specifically designed to assist small business owners and those looking to establish their businesses.

Trinette has assisted hundreds of area businesses in realizing their dreams by helping them navigate through licensing and financing. Highlights include Diana’s Day Care, Edge Theatre, Edgewater Fitness, Independent Spirits and Lickity Split. Additionally, Trinette provided help determining if projects would
qualify for City of Chicago grants and funds through the Tax Increment Financing (TIF) or Small Business Improvement Fund (SBIF).

Trinette led EDC’s neighborhood engagement efforts by coordinating and hosting events such as Bryn Mawr is Open For Business and the Taste of Bryn Mawr. She also pioneered, in partnership with Northwestern’s Kellogg School, EDC’s Small Business Program that brought world-class instruction to Edgewater businesses. As a component of the Program she created retail pop-up shops in vacant commercial space. She managed an area commercial property co-owed by EDC. She increased area businesses awareness of sustainable practices through free workshops and made sustainability a focus of the 2014 Small Business Expo.

”I have enjoyed working to build a better business environment for the Edgewater community, bringing brokers, developers, business owners, entrepreneurs, property owners and other community stake holders together for positive change in this welcoming and engaged community. It has been very satisfying,” says Trinette. “I hope I will be able to continue to help Edgewater in the future when opportunities arise.”

“Trinette has done a terrific job in her tenure as EDC’s Executive Director,” says Tina Travlos Nihlean, Board President. “She will be sorely missed. However, her departure is on very good terms, and she has agreed to work with us to assist in a smooth transition and on special projects moving forward that fit her areas of expertise.”

Edgewater Development 2014 Highlights!

Happy New Year! As Edgewater Development Corporation celebrates its 30thAnniversary, we are planning for an exciting and productive 2015, continuing to build momentum from our successes in 2014. We want to share this recap with our community and we look forward to working with you in the coming year.

The end of 2014 brought about our move to new office space in Edgewater’s historic main street, at 1055 W Bryn Mawr. With our entrance on Winthrop, our new offices will feature a resource and co-working space, offering the community a local option to hold meetings, events, training and conferences. This affordable, flexible work space will be opening soon.

 

2014 HIGHLIGHTS 

BUSINESS ASSISTANCE

Edgewater Development assisted over 125 small business owners and entrepreneurslooking to establish or expand in Edgewater. Our services included assisting 20 business owners with financing options available through local lending institutions and helping them determine if their project would qualify for City of Chicago grants and funds through Tax Increment Financing (TIF) or the Small Business Improvement Fund (SBIF).

Edgewater Development Corporation acts as an agent of the Citys Department of Business Affairs and Consumer Protection in the community. We highlight two examples of the numerous direct technical assistance provided by EDC staff. First, Diana Anderson, who fulfilled her dream of opening Dianas Daycare in September at 5961 N. Clark Street. She paid tribute to the  Development Corporation staff for helping her through the  process of procuring Harris Bank financing and city SBIF funds, as well as guidance and referrals in city and state compliance with zoning and inspection requirements for operating a daycare business.

 

Diana is also a graduate of Edgewater Development’s Small Business Program which was funded through the support of Alderman Osterman. There, over the course of an intensive 15-week course, she learned the basics of starting a small business, such as setting up a legal structure, zoning, market research, financial planning, budgeting and taxes from world class lecturers and advisers. Diana credits this experience with giving her the confidence she needed to expand from her home based business.

The second example is theatre owner and developer Anne Phillips, a Board Member of Lil Buds, who decided to scout for a suitable space to house Lil Buds children’s theater. She needed flexibility to rent the space out for other arts groups in the community for events such as dance performances, poetry readings, theater productions, and movies. Enter Edgewater Development Corporations Executive Director, Trinette Britt Johnson, who also has a keen eye to find the perfect space and location at an appropriate price for a business wishing to expand.  Trinette quickly identified a few spaces, introductions were made with the owners and voilà – a new theatre is born on Edgewaters Broadway!  The Edge Theatre location at 5451 N. Broadway is a reuse of a former vacant space, and promises to be an exciting addition.  

Edgewater saw a dramatic increase in new business openings over the past year.Development Corporation staff and Board Members tour the business districts on a monthly basis to welcome new businesses, as well as note changes in properties listed for sale or lease. Visit our website at www.edgewaterdev.org and click “New Developments”and“Available Properties”; you might discover some interesting finds!

  

 

 

A major buzz was created with the grand openings of LA Fitness and Marianos Fresh Market.  A variety of new restaurants/bars and coffee shops, such as Herb Thai Redefined, Cookies and CarnitasBarrelman TavernRevival Social ClubMaddie Bakery, and True Nature Juice Bar Cafe were recent welcome additions to residentsdining choices. Those interested in home décor were delighted to see Vern and Vera Interior Design store open.

NEIGHBORHOOD ENGAGEMENT

Edgewater Development hosted a variety of networking events to promote our goals of business attraction and retention, community safety, and responsible real estate development.

 

MARCH: Edgewater Uptown Builders Association invited Edgewater Development to present at their 100-strong members luncheon at Hopleaf Bar. Edgewater Development sponsored a presentation by notable real estate researcher Tim Van Noord of Newmark, Grubb, Knight, Frank who shared the trends and outlook for real estate development in Edgewater and the Chicagoland market.

MAY: More than 100 brokers, developers and property owners filled LA Fitness Center for our Dealmakers event and tour. Whole Foods Vice President, Scott Saulsberry gave the inside scoop on how Whole Foods decided to come to Edgewater and an exciting preview of their plans for 6009 N. Broadway. Attendees were escorted on trolley bus guided tours through Edgewaters 7 business districts, to note progress and identify opportunities.  Our partners and generous sponsors included: Crossroads Development Partners, Wells Fargo Advisors, Mid-America Real Estate Corporation, LA Fitness, Holsten Real Estate Development & Management Corporations, Seneca Real Estate Advisors, Chioros Properties, Inc.

 

 

  

JUNE: In support of Alderman Osterman’s “Buy Local Campaign” Edgewater Development Corporation held a “Bryn Mawr is Open for Business” event and Brokers Open House, including specials and entertainment in the shopping district.

AUGUST: We held our 6th annual Taste of Bryn Mawr where over 200 attendees explored the culinary delights of our Bryn Mawr eateries and enjoyed libations and entertainment along the way. Thanks to our partners: That Little Mexican Cafe, Bridgeview Bank, Chicago North Side Toyota, David Rothstein Music, Edgewater Wine & Spirits, Bryn Mawr restaurants & businesses, and a crew of neighborhood volunteers! We have big plans for 2015 so save the date; Thursday June 25th from 5:30 until 9.


 

NOVEMBER: Edgewater Development Corporation in partnership with Loyola University Chicago, hosted its annual Small Business Resource Expo. Tom Walter, founder of Tasty Catering, among over 30 other new businesses, outlined the secret of his success. Tom explained what makes Tasty Catering so successful is his discovery that the “human capital” of his employees is the most important ingredient.  Once he gave employees a key role in defining the values on which his businesses operated, they became truly invested in doing what it took to make a business successful.  This was an inspirational message for the many small business entrepreneurs in attendance.

9 workshops and over 20 exhibitors presented valuable information on topics ranging from the many financial resources available for business loans and grants, to marketing and social media, as well as the legal framework necessary to launch a new business. Give a shout-out to  our major sponsors: Bridgeview Bank and Edgewater Uptown Builders Association!

  

FREE EDUCATIONAL WORKSHOPS

Edgewater Development hosted workshops and a legal clinic benefiting more than 125 local business owners and entrepreneurs. Topics included;

  • Learn How to Prepare for Retirement and Enjoy Significant Tax Savings
  • Strategies for Crime Abatement in Small Businesses
  • City of Chicago Small Business Programs
  • Edgewater Small Business Open Forum
  • Strategies to Keep Your Business and Employees Safe
  • Small Business Entrepreneurs Legal Clinic
  • How to Prepare and Secure a Bank Small Business Loan

Workshop partners included: Harris Bank, The Law Project, The Chambers of Edgewater, Andersonville, Lincoln Square and Uptown United.

 

 

SUSTAINABILITY

 A new focus this year was devoted to introducing businesses  to incorporate sustainable practices into their day-to-day activities. Edgewater Development Corporation worked in collaboration with Andersonville Development Corporation, a lead City Agency on sustainable development. Several local businesses have been leaders in this area including Uncommon Ground with their nationally recognized, award winning rooftop organic farm and locally sourced menu; as well as True Nature Foods, a pioneer in urban composting. Loyola University Chicago, a major catalyst in fostering sustainability with their Institute of Environmental Sustainability which opened last year, presented a workshop on sustainability for small business at Edgewater Developments Expo in November.  We received commitments from 6 existing businesses interested in expanding their sustainable practices in 2015.

 

WEBSITE ENHANCEMENTS

As part of Edgewater Development Corporations mission to market the community, we have assembled tools on our website to highlight the benefits of doing business in Edgewater and working with Edgewater Development to achieve your business goals. 2014 improvements include:

  • Video featuring interviews with successful business entrepreneurs
  • Available properties listed in coordination with City of Chicagos Site Selector website, which is a program of World Business Chicago. This enables a wider audience to view our listings
  • New Business Developments and New Businesses opened in the past 2 years – features pictures and contact information for all new businesses and developments.
  • Demographic and characteristics of all of Edgewater Business Districts

 

  

Check out our web site at www.edgewaterdev.org

Special thanks to our elected officials for their support throughout the year: U.S. Representative Jan Schakowsky, State Senator Heather Steans, State Representative Kelly Cassidy, Alderman Pat O’Connor (40th), Alderman Harry Osterman (48th), Alderman Joe Moore (49th).

We look forward to proactively engaging with you in 2015 to improve the quality of life for all community residents by attracting businesses and enhancing Edgewater‘s commercial districts.

Expo Keynote Speaker, Tom Walter on Secret Ingredient to his Success!

Tom Walter, founder of Tasty Catering outlined the secret of his success at the Small Business Expo co-sponsored by Edgewater Development Corporation and Loyola University Chicago and on Friday November 21. Tom explained what makes Tasty Catering so successful, was his discovery that the ‘human capital” of his employees is the most important ingredient.  Once he gave employees a key role in defining the values on which his business operated, they became truly invested in doing what it took to make the business successful.

Entrepreneurs were inspired by Tom’s story and by a variety of exhibitors and presentations on other aspects of how to start or expand a successful small business.  Trinette Britt Johnson, Edgewater Development’s Executive Director, announced Edgewater Development’s plans to launch a Small Business Resource and Co-working Center and asked attendees to respond to a survey on what services they needed.   The Center is planned to begin operation early in 2015.  Many budding entrepreneurs have expressed a need for a co-working space, to enable at home-based businesses access to a community based location that would provide business services and resources.

Expo exhibitors ranged from many financial resources available for business loans and grants, to marketing and social media, as well as the legal framework necessary to launch a business.  Tom Ferrera from Loyola’s start-up business Loyola Limited described several successful ventures that were spearheaded by his students.  Whole Foods Market’s Stephanie Garcia provided the steps to becoming a vendor to the rapidly expanding grocery business.  Marketing and the tools to developing your on-line presence through social media were ably presented by Bethany Hartley from  the Women’s Business Development Center and by Rod Holmes from Chicago Style SEO.  The  U.S. Small Business  Administration was represented by Dennis Foldenauer who gave details on how to navigate the huge trove of Government data and statistics, all free resources available to entrepreneurs.

Tina Travlos Nihlean, Edgewater Development Corporation’s President thanked the sponsors of the annual free Small Business Resource and Expo,  Bridgeview Bank and Edgewater Uptown Builders Association, and for support from local elected officials, State Senator Heather Steans, Representative Kelly Cassidy, Cook County Commissioner Bridget Gainer, and Aldermen O’Connor, Osterman and Moore.

Diana’s Daycare Grand Opening

Diana’s Daycare – Opens – Lessons from a Journey of Nurturing!

Diana Anderson is putting the final touches on Diana’s Daycare, at 5961 North Clark Street, and is scheduled to open and welcome Infants and Toddlers on Monday, September 15 to fulfill her dream of establishing her daycare business after more than a year of planning.

All are welcome to the ribbon cutting ceremony on Friday, September 12 at 10 a.m. where Alderman Harry Osterman, Edgewater Development Corporation staff and Board Members, and of course current parents and families of children who have passed through Diana’s nurturing home daycare, will attend.

But Diana’s journey to establishing her daycare business began several years earlier when she attended Edgewater Development Corporation’s Small Business Program in the Spring of 2012. There she learned over the course of an intensive 15-week study, the basics of starting a small business, such as setting up a legal structure, zoning, market research, financial planning, budgeting and taxes from professional lecturers and advisers. Diana credits this experience with giving her the confidence she needed to start her own business. “The most important thing I learned was that everyone needs guidance and hand-holding, whether it’s infants who need a safe and nurturing environment, or adults when they start out on a new venture, we all need help along the way. And the most important person who was always there for me was Trinette Britt Johnson, at Edgewater Development. For instance, when I couldn’t find a space that fit the City’s zoning or the State’s requirement that it be close to a playground, or access to a good business Loan through Harris Bank, or the City’s Small Business Improvement Fund (SBIF), Trinette immediately went to work to make those referrals and even helped with the paperwork. Sara Dinges’ help at Alderman Osterman’s office, was also crucial in helping me navigate all the city approvals necessary. There were so many endless inspections to schedule from different city departments, but having Sara’s help really made a difference getting through the bureaucracy”.

Diana also has her own reservoir of experience having received her Early Childhood Certification from Truman College, and later taught for many years at St. Mary of the Lake in Uptown as a pre-school teacher. However, her passion is babies! And her research indicated working parents’ greatest need is for quality daycare for infants from 6 weeks to 23 months. Diana’s Daycare will provide services from 6:30 a.m. to 6 p.m. for toddlers and pre-schoolers ages 24 months to 5 years, and infant care from 6 weeks to 23 months from 6:30 a.m. to 5:30 p.m. Fees range from $370 per week for full time infants to $265 per week for pre-schoolers. State subsidies may be available for eligible families. To schedule a visit to see the cheerful and delightful space carefully planned by Diana and her staff, to brighten your child’s daycare experience and to provide a parent the comfort of finding a nurturing environment for their child, call Diana’s Daycare at (773) 334.3000.

Coming Soon to Edgewater: The Edge Theatre – How Passion Made it Happen!

Edge Theatre

Press Release – June 19, 2014

“What kids get out of engaging in the theatre arts is an opportunity to explore and find something they can be passionate about” – according to the Edge Theatre’s owner, Anne Phillips. It all began with her daughter’s great experience with Li’l Buds Theatre located in Edgewater at 1206 W. Rosedale. “Whether it’s music, dance, drama, gymnastics or sports, all youth, need the opportunity to try out various activities to discover who they are, and gain self- confidence along the way. For my daughter that journey was through developing a passion for the performing arts and life affirming skills facilitated by the wonderful Li’l Buds staff”.

Li’l Buds was founded in 2005 by talented company members Jenny Lamb, Maggie Portman and J. Preddie Predmore who made their journey to Edgewater from distant cities to start their theatre group focused on youth development. Their approach is to engage children in all aspects of the theatre arts including writing, directing, acting, costume, and set design. They produce two shows a year as well as teach classes, workshops, camps and residencies at schools, theatres, and in their Edgewater studio. Li’l Buds serves kids from many Chicago neighborhoods including Edgewater. However, in order to strengthen and expand their programming, they needed to find permanent theatre and rehearsal space.

Edge Theatre owner and developer Anne Phillips, who is a Board Member of Li’l Buds, decided to scout for a suitable space to house Li’l Buds, with the flexibility to rent the space out for other arts groups in the community for events such as dance performances, poetry readings, theater productions, and movies. Enter Edgewater Development Corporation’s Executive Director, Trinette Britt Johnson, who also has a passion and a keen eye to find the perfect space and location at an appropriate price for a business wishing to expand. Trinette quickly identified a few spaces, introductions were made with the owners and voilà a new theatre is born on Edgewater’s Broadway! The Edge Theatre location at 5451 N. Broadway is a reuse of a former vacant space, and promises to be an exciting addition to the more than 9 theatres groups in the community. The reason Edgewater made sense to investor Phillips was location, easy access to downtown and the northside, good public transportation, and of course more reasonable prices than many other neighborhoods. Construction is expected to begin later this year with the opening for the 100 seat theatre, rehearsal and office space slated for Fall 2015.

For more information about Edgewater Development’s Small Business Program, or to arrange a tour of available properties, contact Trinette Johnson at (773) 506-4015 or
email info@edgewaterdev.org. Check out Available Properties listings on our website at www.edgewaterdev.org.

Edgewater Whole Foods to Open June 2015, Could Feature Tap Room: Official

By Benjamin Woodard on May 15, 2014 5:24am

 @benjamdub

EDGEWATER — A Whole Foods executive said the grocer expected to open its first Edgewater store in late June 2015 inside the former Dominick’s on North Broadway.

“We don’t see why we wouldn’t hit that date,” said Scott Saulsberry, regional vice president for the upscale grocer.

Saulsberry also said the new store should be able to accommodate two or three “hangouts,” which could include a tap room, wine bar or other amenity to encourage customers to “linger longer.”

Business leaders and property owners convened Wednesday at the newly opened LA Fitness across the street from the future Whole Foods to hear more about the recent boom in development in Edgewater.

“Broadway is about to explode” with even more new businesses, said Trinette Britt-Johnson, the executive director of the Edgewater Development Corp.

Attendees of the second annual “Dealmakers” event, hosted by the development corporation, boarded a pair of bus trolleys Wednesday morning to get a tour of the neighborhood’s new developments, such as Maddiebird Bakery, a condo development on North Broadway, a new Metra station on Ridge Avenue and the redevelopment of the former Piser Funeral Home at Foster Avenue and North Broadway — among many more.

Whole Foods announced in January that it would take over the former Dominick’s at 6009 N. Broadway.

Edgewater Development’s Spring Newsletter March 2014

In this issue –

3 Fantastic Bakers  Offering Home-Baked Breads, Cakes and Delicacies!

EUBA Members Flock to hear Latest Developments at Hopleaf Bar

Harris Bank Workshop on How to Solidify your Credit Worthiness

Check out Three Fantastic Bakers Offering Home-baked Breads, Cakes and Delicacies!

The latest business to open its doors along Devon Avenue is a delightful store-front bakery at 1445 W. Devon, opposite Devon Market, called  Maddiebird Bakery  and named after their 4-year old daughter Maddie by a local family, Michele and Aaron McAtee.  Maddiebird was so popular on their first day open for business on Saturday, March 22 that they sold out of cupcakes!  Young families waited patiently for a fresh batch of cupcakes  to be baked and decorated with frosting and a sugar bird perched on top of each cake.  Michele turns classic scratch cakes into original works of unforgettable, edible art.  To see examples of her artistry to plan your next special occasion cake go to facebook.com/maddiebirdbakery or call (312) 608.1505.

Opened last year along North Clark Street at 6338 N. Clark specializing in fresh baked bread, soups, sandwiches, sauces and savory pies is simply named Sauce and Bread Coop Kitchen  owned and operated by partners Mike Bancroft and Anne Kostroski.  Their specialty sauces include pasta, salsa, hot sauces, pickles and spices and rubs. A variety of offerings  of crusty breads include olive, pecan and cranberry, multigrain, baguettes.  The coop offers youth development and training in the culinary arts – and another unique opportunity to eat well and do good!  Hours are Wednesday thru Sunday 10 a.m. – 3 p.m. Tel: (773) 942.6364. Check out their website at http://www.sauceandbread.com.

Royal Cupcakes and Bakes at 1108 W. Granville, (773) 681-6603 also opened last year by Sohel Ansar and his brother Jared. The varieties of flavors of cupcakes are baked on-site and they even operate a delivery truck that will take your order to deliver to your office or home.  The truck also can be seen at various downtown locations. The brothers, who grew up on the north side, also pride themselves on their healthy ingredients including gluten-free options.  See their story at http://royalcupcakesandbakes.com

EUBA Members Flock to Hear Latest Developments at Hopleaf Bar

The Edgewater Uptown Builders Association, a group of local property owners, brokers and developers held their March Meeting at Hopleaf Bar at 5148 N. Clark Street in Andersonville on Wednesday March 26.  Both 48th Ward Alderman Harry Osterman and 46th Ward Alderman James Cappleman addressed the overflow group of more than 100 attendees, with updates on the latest business developments in Edgewater and Uptown.  Edgewater Development Corporation’s President, Tina Travlos Nihlean and Executive Director Trinette Britt Johnson also presented a report on their recent efforts to attract new businesses to the community and the services that Edgewater Development provides to property owners and developers.  Highlight of Edgewater Development’s presentation included a commercial real estate analysis report by Tim Van Noord, Research Manager from Newmark, Grubb Knight Frank, a global leader in commercial real estate.  He reported that the recent Mariano’s Fresh Market and Whole Foods Market’s acquisition of two former Dominicks locations at Foster and Sheridan and 6009 North Broadway, bodes well for the upward trend in commercial development in our community.  In fact,

Harris Bank Workshop on How to Solidify your Creditworthiness

Edgewater Development and the Business Partners for Uptown partnered with Harris Bank to provide a financial workshop on Friday March 14, at Pasteur Restaurant, on what a financial institution looks at in a customer’s credit report as part of their application for a loan. Local Harris branch manager, Donovan Young advised obtaining a copy of your personal credit report well in advance of applying for a loan.  However, he revealed that your bank can advise you on steps to take to solidify your credit report, that may take a year before you see an improvement in your credit score.  The magic number he quoted that banks like to see in a customer’s credit score is 680 and above!  The over 30 attendees appreciated receiving some specific recommendations.