The Chicago City Council has approved the selling of land for the upcoming commercial development at 4731 S Cottage Grove Avenue in Grand Boulevard. Dubbed ‘The Grove Bronzeville’, the new project would replace an empty lot bound by E 47th Place to the north and E48th Street to the south. The project is being led by developers Millhouse and Syzygy Cities with Krueck Sexton Partners working on its design.
The new concept structure would rise three-stories and over 50-feet in height, providing 86,000 square-feet of space. The project would collaborate with multiple local businesses to fill the space including a first floor food hall mostly occupied by Black female entrepreneurs and 13-vehicle parking spaces. The building will be slightly setback from the street with a small inset plaza in the center.
While previous plans called for an NFT gallery, it will now be home to a 15,000 square-foot metaverse restaurant in collaboration with New York-based House of Attention. The space would have virtual backdrops that could be themed with the dinner being served and more, also functioning as an event space and community space.
Other tenants for the building would be social-media marketing agency L3 as well as a new location for Five Iron Golf, an indoor golf experience. A small rooftop terrace would also be available and the structure would be capped by an array of solar panels. The building would be mostly clad in glass with vertical fins, collapsible storefronts on the ground floor, and wood finishes.
The approval will allow for the seven plots of land needed for the project to be sold to the developers for $1.37 million, with the money going into an escrow account that can be used for environmental remediation as the land was previously used for the automotive industry. In 2022, the project was estimated to cost around $42.2 million, covered by equity, loans, New Market Tax Credits, and a few grants.
An updated construction timeline or budget haven’t been revealed at the moment.
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Woah, this is really neat!
Also, thank god they got rid of that NFT gallery, what a joke
I’m not convinced a “metaverse restaurant” is that much of an improvement.
Looking forward to renting
This is fabulous. It gives the opportunity for more housing in the area. I am looking forward to renting in this new location.
Very impressive. I hope it is as good as the renderings.
Bronzeville has been getting some of the most creative architecture in the city over the last few years. That’s awesome, it should – it’s a highly underrated neighborhood.
This is only a couple blocks from my home. If it gets built as displayed in the renderings it will be spectacular.
It’s also across the street from the current Northwestern Medical Center under construction. I huge change in energy for that block.
Cottage Grove has been doing great the past couple years. Big development on the top 4500 S. block, plus three projects just west of this new project along 47th St. Now, I just hope they don’t VE this project to banality, like SO many towers downtown.