The mixed-use development at 1450 N Larrabee Street in Old Town is set to advance to the Committee on Zoning. The wedge-shaped site is bound by the angled portion of N Clybourn Avenue on the west side, with the vacant lot having been the home of the Near North Career Metropolitan High School. The development team is made up of the Chicago Housing Authority, Pennrose Properties, Hunt Companies, Imagine Group, and a Cabrini-Green resident group, with JGMA serving as the architect.
The high school that used to sit on the site originally opened in 1979 in order to serve the growing student body from the nearby Cabrini Green housing project, closing in 2001 along with Cabrini Green itself. Its redevelopment was originally announced in 2017, but complex housing laws and lack of funds delayed the school’s demolition to 2020. Now this massive development was first announced earlier this summer, with its zoning being applied for and now approved.
Split into three-phases, the overall proposal will boast 742-affordable residential units, 22,000 square-feet of commercial space, 174-vehicle parking spaces, and heavily landscaped grounds across the site’s 296,645 square-feet. Construction will commence with an extension of N Ogden Avenue north replacing the existing alley and connecting to the development’s internal road. The first two buildings will sit towards the center of the lot and rise 8- and 10-stories tall, the highest climbing to 98-feet at its peak.
This first phase will build the entirety of the parking lots, part of the landscape grounds, and other necessary infrastructure. The two buildings will also hold 345 residential units including ground floor duplexes and 5,000 square-feet of retail space. The shorter southern building will also boast a large cut-through atrium to connect the north and southern end of the project.
The following phase will bring a large V-shaped building on the southern tip with a central driveway and plaza, along with an additional linear building along Clybourn. Rising 79-feet at its tallest, these will hold 181-residential units and roughly 15,000 of the commercial space. The third and final phase will be two linear buildings along the northern edge of the site with 216-residential units as well.
If approved the land would be rezoned as a planned development which will allow for its construction, however the project was set to be discussed in September’s meeting before being deferred. At the moment no budget has been announced though we know it will be partially funded by TIF money from the Near North Side district, no construction timeline has been set either.