Construction has begun on a seven-story mixed-use building at 949 W. Dakin Street in Chicago‘s East Lakeview neighborhood. Located across the street from the Sheridan Red Line station and two and a half blocks north of Wrigley Field, the transit-oriented development replaces a single-story structure. Current tenant Ace Hardware is expected to fill a portion of the 13,000 square feet of retail space that will be located on the lower level of the new edifice. The property and financial services firm Draper and Kramer is the developer of the 120-unit project.
Sullivan, Goulette & Wilson Architects were in charge of the design for the project. It will include 108 one-bedroom/one-bath and 12 two-bedroom/two-bath units, with floor plans ranging from 620 to 1,040 square feet. Rents will start at approximately $1,900 per month. Residences will feature nine-foot-high ceilings with exposed structural elements, kitchens with stone countertops and stainless steel appliances, full-size washers and dryers, and walk-in closets.
The building’s rooftop deck will offer views of Lake Michigan and Wrigley Field, with grilling stations, outdoor dining tables, separate lounge chairs, a TV viewing area, and several fire pits. Indoor amenities include a ground-floor lobby with floor-to-ceiling windows, several gathering areas with couches and chairs, and long tables. Other first-floor amenities include a private club room with a bar/kitchen, fitness center, and heated bike room. A coffee shop, the Lakeview Ace Hardware, and two additional retail spaces ranging from 1,300 to 2,200 square feet will also be located at street level.
Residents will be walking distance to all of Wrigleyville’s famous sports bars and restaurants. Just four blocks to the east is Chicago’s scenic Lakefront Trail where bikers, runners, and walkers can enjoy an 18-mile-long path along the Lake Michigan shoreline.
Draper and Kramer financed the project through the Chicago regional office of the U.S. Department of Housing and Urban Development (HUD). Gershman Mortgage acted as the HUD lender in the transaction.
Leopardo Construction is the general contractor on the project and expects to deliver the apartments in August 2021.