Lipe Property Company‘s development at 1122 W Chicago Avenue has reached the second of its seven planned stories. The structure will bring both residential and retail to River West‘s intersection of W Chicago Avenue, N Milwaukee Avenue, and N Ogden Avenue.
Lipe is planning 97 units for the 97,000-square-foot building, to be situated from the third through seventh floors. Additionally, over one-fifth of the total space will be designated as commercial, with three planned retail spaces on the ground floor, the entire second floor dedicated to a single retail or office tenant, and a restaurant or other hospitality space on the seventh floor. For outdoor access, both the second and the seventh floors will include terrace space that faces south and west. As far as parking, Lipe has planned 39 total spaces, according to the construction permits filed this past April.
Chicago-based Pappageorge Haymes designed the building’s facade, integrating large windows with both gray-scale panelling and yellow vertical strips to accentuate the dynamically-patterned exterior. Near ground level, the building’s first two floors will also include a darker, inset facade to visually distinguish the commercial portion from the above units.
The triangular site that forms 1122 W Chicago Avenue is bordered by a variety of retail and dining options lining all three intersecting streets. N Milwaukee Avenue in particular forms a commercial corridor that stretches southeast from the city center and extends northwest beyond the city limits.
Building tenants will have a variety of bus access options nearby, most notably Route 66, which runs along Chicago Avenue and stops steps east of the property at Chicago & Milwaukee. Meanwhile, Route 56’s Milwaukee & Chicago stop is also directly adjacent to the southeast corner of the property. The CTA L Blue Line is also adjacently accessible via the Chicago station underneath the triple intersection.
Outdoor access nearby includes a five-minute walk west to Eckhart Park, as well as a nine-minute walk north to Goose Island Overlook. Lipe also reported on their website that the project’s location received a bike score of 94 and a walking score of 96.
Global Builders, Inc. is the general contractor for the $19.5 million project. No official completion date has been announced.
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