Finkl & Sons Steel Mills May Just Hit a Home Run

February 12, 2010

Commercial

Photo taken from Cortland Avenue looking into Finkl & Sons

Photo taken from Cortland Avenue looking into Finkl & Sons

The word is that Depaul University has been considering the Finkl & Sons Steel Mills at Clybourn Avenue and Cortland Street as a place to build a new 10,000 seat basketball stadium so that it could be in the proximity of their Lincoln Park Campus. They are also considering an alternative site just south at Divison and Clybourn.

Site not suitable for Residential

There has been much discussion about a new Depaul basketball stadium in the media as of late, but it?s only recent that they have been naming site locations. The Finkl & Sons site is located on the east bank of The Chicago River at Southport Ave, and Cortland Street within steps of DePaul?s main campus and due to its heavy industrial use over the past 100 years the site is believed to be to contaminated for many real estate re adaptations. So it seems the current thinking is that instead of removing all the over-sized foundations so closely positioned by the rivers edge that it might be far simpler and safer to just remove all the top soil, pave over the site and any possible contamination.

Its has always been a touchy subject for DePaul athletes that their venue is 15 miles off campus in Northwest Suburban Rosemont over a more local stadium

Finkl to move to the South Side

Finkl Steel in the meantime will continue their move from their longtime site to the south east side of the city. In November they bought 13 acres of land in the Stony Island neighborhood from the City of Chicago for $1.00 (Glad I wasn?t their broker) Work had begun quickly after for their arrival. The $250 million a year Finkl and Sons is the world’s leading supplier of forging die steels, plastic mold steels, die casting tool steels and custom open-die forgings, processing over 100,000 tons of steel each year, and then distributed domestically and to more than 18 countries worldwide all while sitting quietly on the banks of the Chicago river between the beautiful neighborhoods of Depaul, Lincoln Park and Bucktown.

We’d like to thank Payton Chung for kindly sharing today’s photo via the Creative Commons’ License.
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About Robert John Anderson

Robert's knowledge and expertise from 15+ years of experience have made his business tremendously successful. He eats, sleeps, and lives real estate, which has catapulted him into Chicago's 1% of Top Producers for the last 8 years with $320+ million in sales, earning Baird & Warner's prestigious Founder's Club distinction. His voracious appetite for the Chicago market, its neighborhoods and trends keeps his knowledge current and growing. He focuses on high-quality marketing and service along with working to think outside of the box for all his clients needs. Robert specializes in sellers, buyers, luxury homes, developments and relocation; he also has experience in land acquisition, commercial, and retail sales. You can reach Robert at 312-980-1580 and robert@robertjohnanderson.com or visit him on Facebook, Zillow and LinkedIn.

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2 Responses to “Finkl & Sons Steel Mills May Just Hit a Home Run”

  1. Boyee Says:

    I hope the A. Finkl & Sons Co. site will be the spot for the proposed new arena. Division and Clybourn is in Cabrini-Green and no DePaul student would want to risk their safety to go to the this dangerous project just to see a basketball game. The Division/Clybourn site is not a reasonable solution.

    Reply

  2. bob Says:

    in response to Boyee, even though your comment is two years old, Cabrini-Green has left that area years ago. There is only a fraction left of what was considered “the projects” in the near north. Now that area is teeming with what were probably once De Paul business grads.

    Reply

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