The City of Chicago has issued permits for a new residential development at 2042 W Washington Boulevard in Near West Side. The permit for this project, submitted under the self-certification program on August 14, was approved on November 27, following a 105-day review period.
The new development, led by Washington Owner LLC, involves constructing a three-story building with six dwelling units. The masonry building will also include a basement and six open parking spaces for residents.
Architect Laszlo Simovic is overseeing the design for the project, while G Corp, a Chicago-based contractor, is serving as the general contractor for the project. Masonry work will be jointly handled by City of Chicago Masonry, Inc., and D.C.A. Quality Construction Co.
The project’s estimated budget is $1,488,600, and permit fees paid amounted to $11,606.56. When complete, residents of 2042 W Washington Boulevard will be located steps from bus service for Route 50, and will be a five-minute walk to the south from stops for Route 20. The Ashland CTA Station, which services the Green and Pink Lines, will be a 14-minute walk to the northeast of the property.
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The new Damen L stop will only be a couple of blocks away. Should’ve had a TOD here.
It’s wonderful to see investment come to the west side of the United Center.
This project highlights so much of what’s wrong in local development.
1. Six units being delivered for a $1.48m budget. That’s under $250k per unit. Meanwhile, the city is putting public funds toward buildings in with per unit costs in the $600-$800k range. Why the heck are publicly funded projects more than double the cost of this project? Why is the city building such lavishly expensive “affordable” housing? Does the city care that it’s getting lass than half the number of affordable units it might be able to afford?
2. 105 days to approve an as of right project, with a permit sought under supposedly streamlined procedures? Crazy.