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Target Purchases Former Cabrini-Green Site

By Samantha Abernethy in News on Jan 25, 2012 11:00PM

Target announced last year that it intended to purchase the former site of Cabrini-Green housing projects, and now the company has bought the land for $8.8 million. Target swapped its nearby land at Clybourn and Larrabee to the Chicago Housing Authority, and Target plans a 150,000-square-foot store on the 3.6-acre site. Crain's writes:

A CHA spokesman confirms that a swap of the nearby properties occurred and says the housing authority now owns the former White Way Sign development site at 1317 N. Clybourn Ave. He says the land “will be included in the redevelopment of the Cabrini area” but did not elaborate on the CHA's plans there.

So that's that. The site of the buildings that had become a "nationwide symbol for the failure of public housing" will be occupied by a big red bullseye, a symbol of American consumerism.