A potential start date has been announced for the upcoming Foundry Park megadevelopment on the edge of Lincoln Park. The date comes as the project received full approval for its Tax Increment Financing (TIF) from the Chicago City Council late last month. This will allow developers JDL and Kayne Anderson to finalize funding for phase one.
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Monday October 5 saw the release of a full-construction permit for a new residential building at 315 South Jefferson Street in the West Loop. The nine-story plus basement, 52-unit development will replace a surface parking lot just a few yards north of the recently topped out 566 West Van Buren. The permit hit the Chicago Data Portal on March 20, coming through after a 199-day wait with a reported cost of $19 million. Summit Design + Build is the general contractor.
Plans have been revealed for an upcoming mixed-use development at 225 West Division Street in the Near North Side. The project would replace an existing two-story commercial building that sits mid-block between North Wells Street and the winding CTA Brown Line tracks. The structure is surrounded on three sides by the larger three-tower Old Town Park development.
The old drive-thru bank canopy has been torn down, and site prep is underway ahead of construction on 605 Davis, a new 29-story residential tower in Evanston from Vermillion Development. According to local publication Evanston Now, demolition work got started on the morning of September 25, and the canopy was gone within hours. Machines from Precision Excavating & Demolition are now in excavator mode as they prepare for foundation work.
Updated details have been revealed for a new urgent care health hub at 1140 North California Avenue in Humboldt Park. Sitting just south of the intersection with West Division Street and the neighborhood’s namesake park, the project would replace a one-story commercial structure along with its adjacent parking lot. A zoning application has been submitted to City Council.
