Coming in at the 27th spot of Chicago YIMBY’s year-end countdown is 142 W Erie Street (formerly known as Bentham) in River North. Sedgwick Development is behind the planning and design for the boutique 14-story retail and condominium project, whose last reported architectural height was 172 feet.
The project hasn’t been without issues. Various delays have paused construction on the structure before and pushed its finish date over a year from when it was initially expected. This also came with a change in general contractors, originally Alpha Construction Services LLC was in charge of the build-out before being replaced by K & H Construction services in April 2021.
The delays also brought some design changes over time. Originally meant to rise an extra floor, the 15th floor would have held a nearly double-height amenity space, rooftop deck, and a rooftop pool. All of which have been removed and the building now terminates with the last floor of units and a mechanical penthouse.
With a total construction price tag of $22 million, the initial foundation and first four floors, which include the residential lobby, a 2,556-square-foot retail space, and 46 vehicle parking spaces, cost around $4 million based on permits filed early on. The remaining 11 floors hold 31 residential condominiums made up of three-bedroom, three-bathroom floor plans ranging from $1.2 million to $3.5 million.
The future condos will feature European-style kitchens by Florense with stainless steel appliances, free standing tubs and frameless glass showers in the master bathrooms, Hansgrophe plumbing fixtures, and floor-to-ceiling windows. The building will also offer a full fitness center with a yoga room, lounges with a catering kitchen, bike storage, and storage lockers.
Residents will have access to plenty of public transit options including the CTA Brown and Purple Lines at Chicago station via a five-minute walk, CTA Red Line at Grand station via a nine-minute walk, and bus route 156 across the street. The white metal panel clad structure has begun sales for its units and hopes to open in spring 2022.