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Grant Park Warehouses to Transition to Retail and Office

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It looks like an industrial pocket of Grant Park will be getting a facelift. The same area that welcomed Eventide Brewing following a Kickstarter campaign last year recently saw a number of industrial contracts at the end of Grant Street and on Grant Circle turn over. In a move that brings to mind developments near the SweetWater Brewing Company and even Ponce City Market, plans are in motion to remodel the warehouse spaces into a mix of office and retail.

Three different industrial plots, all within a block of each other, are likely to make the transition from warehouse to storefront. Raulet Property Partners has plans to redevelop a 20,000-square-foot space at 400 Grant Circle. The brick building is currently occupied by Mangum Manufacturing Company. It has an open floor plan with two small offices, but plans by Raulet indicate the building could be split into three separate spaces, with the potential for a separate building extension.

The other two properties are at 1039 and 1040 Grant Street. Tyler Edgarton, Raulet vice president, tells Curbed the 1039 location was under contract with Thrive Homes, but that recently dropped and another office and retail developer has stepped in. That space currently houses Tellworks Communications. Meanwhile, Pellerin Real Estate will be redeveloping the 20,000-square-foot 1040 location.

· 1040 Grant [Pellerin Real Estate]
· 400 Grant Circle [Raulet Property Partners]