In 2019, Stony Island Plaza in the South Shore area of Chicago was flailing. Storefronts were vacant, tenant turnover was high and deferred maintenance had significantly affected curb appeal. The situation was dire. But NewMark Merrill Companies recognized potential, and embarked on a mission to reconnect with the community and dramatically improve all aspects of the retail experience.
Launching the center’s transformation with improved landscaping and lighting, the NewMark Merrill team moved quickly, upgrading storefront aesthetics, enhancing signage and ultimately attracting a diverse mix of local and national tenants. The result is a vibrant daily shopping destination that has consistently experienced sustained growth and increased shopper traffic. Stony Island Plaza is flourishing as a retail and community connection for the market.