The Chicago City Council has approved the mixed-use development at 3262 N Clark Street in Lakeview East. Located just south of the intersection with W School Street and the recently completed Panorama development, the building will replace an existing three-story structure on the site. Developer Gold Lion Ventures is working with local firm SPACE Architects + Planners who we have seen on a variety of projects recently.
Site map of 3262 N Clark Street via Google Maps
The 3,785-square-foot lot currently holds a unique red brick building with ornate bay windows clad in a patinated metal panel. Although not much is known about it, it was most recently sold in 1983 for only $120,000. Now it will be demolished to make way for a new four-story slender structure rising 48 feet in height and clad in a masonry facade, with a limestone-covered ground floor around a large storefront window.
Floor plans of 3262 N Clark Street by SPACE Architects + Planners
The window will be for a 965-square-foot commercial space that will occupy the majority of the ground floor, with a small entrance on the side for the residences above. The rest of the lower level will contain a single unit as well as a small bike parking area connected to two-vehicle parking spaces in the rear off of the alley. Overall there will be seven residential units made up of one one-bedroom and six two-bedroom layouts, all of which will include access to a small outdoor space.
Current view of 3262 N Clark Street via Loopnet
Due to the lower unit count, no affordable residences are required for the project. Residents have near direct bus service access to CTA Routes 22 and 77 as well as the Brown, Red, and Purple Lines at the Belmont stop a few steps away. The council approval rezones the site although its new uses will be quite similar to the existing. At the moment no construction timeline has been announced but the developer has applied for both demolition and building permits already.
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Wish they could bring the bronze work over to the new building. If they cared, they could integrate it nicely
I live a couple blocks away from this location and always admired this building. It’s very unique. I photographed it in 1989. It’s deteriorating, but still beautiful. I would love to know its history.