Public Watchdog.org

J.D. Kadd’s Should Not Become Low-Hanging Condos

08.22.17

Within the past few years Park Ridge has filled some significant holes in its commercial and retail space base.

The biggest win in that regard was filling the empty Dominick’s space at Cumberland and Higgins with Mariano’s.

Right behind that comes Shakou, which filled the large space vacated by the Pioneer Press several years earlier. Holt’s took over the prominent space vacated by Pine’s men’s apparel at the corner of Prospect and Summit. And Harp & Fiddle combined the old pharmacy space with the adjacent space formerly occupied by Garden on the Run.

On the other hand, the Pickwick/Pick/Pickwick saga ended badly and, as a result, one of the most prominent retail spaces in Park Ridge sits empty, along with a few more storefronts in Uptown. Those are the spaces people should be concerned about because they are the draws for what our retailers like to call the “vibrant” Uptown.

But recently a lot of attention has been paid to the old J.D. Kadds complex on Northwest Hwy. by the folks holding court on the Park Ridge Concerned Homeowners FB page, provoked by a post by one Sara Brown-Povis at 10:00 a.m. on August 12 bemoaning how “[t]he old JD kadds lot is SUCH an eye sore” and proffering her wish list of “a bar And grill and Starbucks” or even “another nail shop.”

That set off a string of comments containing other people’s wish lists, such as a Buffalo Wild Wings (Jackie Baldur), a “Bakery + Coffee shop” (Jennefer Martin), a Chick Fil-A (Mary Moore Becker), a drive-through “Dunkin’” (Lauren Hall and Ashley Hawkes), a “Jimmy and or Papa John” (Max Power), “Green space” (Park Commissioner Cindy Grau, twice), a BBQ place (Karen Ley), a barber shop (Malcom Hawkes), a lacrosse field (Sarah Sohl Post), or “some sort of indoor facility for sports and fun! Ninja warrior, climbing, tumbling, whatever” (Michelle Tullett Charley).

As the saying goes: “If wishes were horses, all beggars would ride.”

But one of the reasons this country became the most free, successful and powerful one this planet has ever known is because, with a few notable exceptions, capitalism – with its inherent risks and rewards – provides the environment most conducive to achieving the highest and best use of its resources, including property.

So while the J.D. Kadd’s site is currently fallow and an “eye sore,” the chances are pretty good that at some point in the not-too-distant future the current owner or a new one will come up with an idea to make that land more profitable and, presumably, more attractive.

More likely than not it will involve some sort of investment (i.e., “capital”) that carries with it some degree of risk and an equal or better prospect for reward.

And, more likely than not, the person(s) making that investment and taking that risk won’t be any of the folks who have shared their wish lists on the Concerned Homeowners page. Instead, it will be the Bob Marianos, the Declan Stapletons and the Ed Berrys, the Matt Ranallis, the Tim Griffins and the Frank Ernestos who are willing to put their (and/or their investors’, or their lenders’) money on the line and commit their effort to taking their shots.

Until then, however, the J.D. Kadd’s site will remain an eye sore while those pickers of low-hanging fruit – the condo developers and real estate brokers – will lobby the City for zoning changes so that they can make a quick buck.

Just like they are trying to do with the Mr. K’s site on Higgins.

Hopefully the City will resist those low-hanging fruit pickers so that maybe, just maybe, some entrepreneur will find a way to keep that J.D. Kadd’s property commercial, like it has been for decades.

And maybe, in the process, even grant one or more of those wishes.

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