Work has wrapped up for a five-story mixed-use project known as “The Balaban” located at 4806 N Magnolia Avenue in Uptown. Developed by JAB Real Estate, the project is located directly west of The Uptown Theater and has replaced a former parking lot.
Programming includes ground-level retail and 54 apartments on the upper floors. These units range from studio layouts to one-bedrooms. In-unit features include open-concept living and kitchen areas, modern hardwood cabinetry, granite counters, stainless steel appliances, hardwood flooring, floor-to-ceiling windows, and private balconies in select units. As far as pricing, rents for studios begin at $1,378 and one-bedrooms at $1,586.
The Balaban offers various amenities, such as two rooftop decks, a bar and lounge area, a dog run, a fitness center, and a co-working space. Parking is comprised of 27 surface spaces in the rear.
SPACE Architects + Planners is behind the design. The building’s rectangular massing is broken up by a series of vertical bays. As far as the cladding, the ground level is exposed concrete, while the four remaining floors are wrapped in varying shades of metal paneling.
For nearby bus service, residents will find Routes 36 and 81 available via a two-minute walk east at Broadway & Lawrence. Stops for Route 22 are slightly further, via a seven-minute walk east to Clark & Lawrence. For those looking to board the CTA L, the Red Line can be found via a three-minute walk east to Lawrence station. For additional access to the Purple Line, Wilson station is accessible via an eight-minute walk southeast.
I & M Construction served as general contractor. Currently, move-ins have already kicked off, while the retail section is still awaiting tenant occupancy.