Demolition permits were issued earlier this week to remove a three-story parking garage located at 535 N St. Clair Street in the Streeterville neighborhood. The demolition will make way for new mixed-use mid-rise development from Mavrek Development with local architecture firm NORR.
The development will be a 21-story building and will feature both office and residential uses. The ground floor will feature 7,855-square-foot retail space on the corner, with the office lobby fronting St. Clair Street and the residential lobby located on the easternmost side of E Grand Avenue street front.
Future residents will be able to board CTA Routes 2, 3, 26, 66, 120, 121, 143, 136, 147, 148, 151, and 157 all within a three-minute walking distance. The CTA Red Line at Grand station is available via a six-minute walk, and all other remaining CTA lines are at the State & Lake station via a 12-minute walk.
Precision Excavation is acting as the demolition contractor on the project. While no timelines have been made public, with demolition permits filed it’s likely that construction will begin soon.