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TOD development has really taken off in the suburbs. Not so much in the city. Situated less than a half mile from Lake Michigan beaches, steps to the Historic Howard Theatre Building and the Howard "L" stop, and a stones throw from Evanston, this plot of land has enormous potential.
Perhaps in the next five to ten years a mixed use (commercial and residential) development will finally be built. Until then keeping the lot devoid of litter or hiding spots is key. The best use in the near future would be the typical community garden model. At least on the nontoxic parts. Not sure the remediation necessary for the part that was a newspaper factory (Lerner).