Funding has been fully secured for the ongoing mixed-use development at 1010 South Wells Street in the South Loop. The upcoming tower is the first building of the long-planned Riverline development led by CMK Properties, with construction already having gone vertical in recent weeks. The team has now closed on a loan to complete the structure.
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An Oak Park builder has received permissions to construct a pair of three-flat residential buildings on South Kedvale Avenue in North Lawndale. Visionary Rehabbing & Real Estate got two permits on March 11 to erect three-story, three-unit homes at 1231 and 1233 South Kedvale. This is their third project on the block; they received a three-flat permit for 1249 South Kedvale in January of last year.
Redevelopment plans have been revealed for the historic Blair Mansion at 1516 North Lake Shore Drive in the Gold Coast. Sitting just north of the intersection with East Burton Place, the underused mansion is being converted into a members-only clubhouse as an expansion of the nearby Astor Club at 24 East Goethe Street.
A private local developer has received three permits to construct three-unit residential buildings on North Monticello Avenue in Humboldt Park. The contiguous lots, at 651, 655, and 657 North Monticello, all vacant, stand on the corner with West Huron Street. All three permits were applied for on May 2 of last year, and they came through on March 20 with reported costs of $290,000 apiece.
Plans have been revealed for the residential conversion of the mixed-use building at 212 East Ohio Street in Streeterville. Located mid-block between North St. Clair Street to the west and North Fairbanks Court to the east, the small building contains a restaurant on the ground floor as well as office space on the upper floors, which currently has a high vacancy rate.
