Target Corp., the cheap-chic discount chain, is in talks with the Chicago Housing Authority to build a store at the site of the former Cabrini-Green Housing Project.
The retailer’s proposal was brought up for consideration at a CHA board of commissioners meeting earlier this month, said Matt Aguilar, CHA spokesman. “We are in discussions and hope to help bring additional investment to the neighborhood,” Aguilar said.
Demolition of the last high rise at Cabrini-Green is scheduled to begin on Wednesday. The seven-acre complex, once among the most notorious housing projects in the nation, is just blocks away from Chicago’s glitziest shopping districts on North Michigan Avenue and close to the wealthy enclaves of the Gold Coast and Lincoln Park.
Target declined to comment on the proposal.
“Target typically does not confirm plans for new stores more than one year prior to the scheduled opening,” said Molly Snyder, a spokeswoman for Minneapolis-based Target, in an email.
In February, Target announced long-anticipated plans to open a store in the Loop next year. The store, called City Target, will lease space in the Sullivan Center at 1 S. State St., which has been empty since Carson Pirie Scott closed its flagship department store in 2007.
The Cabrini-Green proposal was first reported by Skyline, a publication that covers Lincoln Park and the Gold Coast.
The agreement involves a land exchange in which Target would acquire Cabrini-Green land from the CHA in exchange for giving the CHA land elsewhere in the city, said Ald. Walter Burnett Jr., 27th. If a land agreement is reached, the proposal would then go in front of the city’s planning officials and be discussed at community hearings.
“I’ll take a Target anywhere in my ward,” said Burnett. “We need some economic development because the economy is bad. There’s nothing happening. This means potential construction jobs and potential permanent jobs.”