Hampton and Bancroft, in front of Target

I pass by this intersection literally every day. Rarely am I passing through it on a bike, but I walk past it fairly often, so I'm surprised I just now noticed this one. Either way, wtf. This is like the 4th or 5th location along Hampton alone.

1/6 to 1/1

It was about a foot from the curb. There have only been a small handful of them that have been out in the middle of the street, i.e. away from the curb or corner. Is this supposed to have significance to car traffic, or is it pedestrian related? My worst fear, as I've stated before, would be that I will find out this whole thing to be just a douchey art project.

Stay tuned.