Plans have been revealed for the redevelopment of the vacant residential building at 1447 North Dearborn Street in the Gold Coast. Located just south of the intersection with West Burton Place, the historic structure was recently purchased by developers Altitude Capital Partners and Shana Collective to be converted into high-end condominiums.
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A local developer that’s been busy on the South Side added three more permits to their Woodlawn collection of three-flat builds last week. Using the entity of Maryland Flats LLC, Kasper Development LLC scored permission for three-unit residences at 6549, 6551. and 6553 South Maryland Avenue on June 25, each including reported costs or $450,000. All show application start dates of May 4, spending 52 days apiece in the data portal.
Leasing has begun ahead of move-ins this summer for the mixed-use development at 465 North Carpenter Street in West Town. Located on the intersection with West Grand Avenue, the project has been in the works for a few years and topped out this spring ahead of initial interior work. Late last year, we were able to take a look through the construction site, found here.
Two demolition permits for the 1000 block of West Jackson Boulevard in the West Loop were issued by the city of the first day of July. Those allow Mavrek Development to begin clearing a half-block swath of properties for their planned and approved 25-story residential tower at 1000-1022 West Jackson.
Additional funding has been approved for the upcoming mixed-use development at 3959 North Lincoln Avenue in North Center. The upcoming structure is part of a larger two-building proposal, which includes a separate structure at 3950 North Damen Avenue across the street. Efforts are being led by Ravine Park, Orchard Development, and Brinshore Development.
