A groundbreaking date has been announced for the upcoming residential development at 5354 N Sheridan Road in Edgewater. Sitting on the intersection with W Balmoral Avenue, the new building would replace the famed Wing Hoe restaurant and its surrounding parking lot right by the lakefront. Developer Tempus Properties is behind the proposal with 2R/Z Architecture working on its design.
The project itself has come with a lot of controversy, having been announced over two-years ago and receiving demolition permits earlier this year. However the backlash centered around the 1913-built red brick lakeside mansion it will replace, but a fire just before thanksgiving permanently closed the restaurant and damaged the structure. Thus the new developers have announced that work will commence next month.
Rising five stories and 74 feet in height, the ground floor will contain no new retail and instead hold a few of the residential units and a 25-vehicle parking garage. The floors above will hold the remainder of the 50-residential units in total, made up of 34 one-bedrooms and 16 two-bedroom layouts. Of these units, five will be considered affordable under the old city requirements, but all residents will have access to a small rooftop deck.
The building itself is relatively simple in design with a square massing taking up most of the 15,000-square-foot lot. The exterior will be clad in beige panels with dark accent panels within the inset balconies. With all of the necessary approvals already in line for the building, it is clear to rise on the site and we estimate it will take roughly 18 months to complete based on similar projects.
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Pretty convenient fire….