Construction permits were issued this week for a new two-story retail building, located at 113 E Oak Street in Near North Side. The owner-occupied site is being developed under the name 113 E Oak Street LLC, and will be replacing a three-story white masonry building.
According to a listing by brokerage firm CBRE, the building will house a total of 5,050 square feet, divided evenly between the two floors. The filing lists Grant Brandenburg of Ware Malcomb as the architect of record, whose design involves a dark gray brick facade and expansive floor-to-ceiling windows. The most recent rendering also shows room for signage just above the first floor.
The site lies amidst a dense collection of nearby retail and restaurants, just east of the bustling Rush & Division neighborhood. Tenants and shoppers will also find an array of transportation options, the closest of which are bus stops for Routes 151 just several paces east at Michigan & Oak. One block south at Michigan & Delaware/Walton are additional bus stops for Routes 143, 146, 147, 148, and 151. For those looking to board the CTA L Red Line at Chicago station is available via a nine-minute walk southwest.
Summit Design & Build LLC is the general contractor for the new $1.5 million development. Demolition permits for the existing structure have also been issued, with Atlas Industries Inc. as the wrecking contractor. An anticipated completion date has not yet been revealed.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Awfully plain, and really doesn’t fit in with the luxurious feel of the streets or other stores.
Agreed, not to mention it’s not even better than the old building it’s set to replace and has fewer floors. Kind of a waste.