It’s the news that put lumps in throats across Chicagoland — The building at 1960 North Western Avenue that’s housed Margie’s Candies since 1921 has been sold. To redevelopers. With big plans.
Now, before you blow your coolant over the loss of yet another Chicago icon, this is not an Eli’s/Dominick’s/Goldblatt’s/Red Streak situation. Margie’s isn’t going anywhere. That’s the promise made by Adam Radcliffe of Outpost Development in an article published by BisNow. The freshman Chicago developer intends to keep the nonagenarian confectioner in place as the building’s anchor retailer, while fixing up the rest of the structure.
And there is quite a bit of work to do. The building was originally the First Securities Bank building, but today Margie’s is the only tenant. Outpost wants to redevelop about 13,000 square feet of retail space on the ground floor, and then lease out 20 apartments upstairs.