Greyhound's North Halsted location in Goose Island, which has received offers of $50 million (Google Streetview)
In what could be a huge lure for Chicago developers hoping to break into Goose Island, there is confidence building that Mayor Rahm Emmanuel will relax zoning restrictions in the North Branch Industrial Corridor.
Their increased hope is based most recently on Greyhound fielding offers for its eight-acre maintenance facility in Goose Island. The offers are reportedly as high as $50 million, indicating the retail and residential potential for the area is well worth the money.
The zoning restrictions in question are known as the PMD designations, which stands for Planned Manufacturing Districts. While these once served a historical…