A building permit has been issued for the mixed-use development at 1549 N Fremont Street in the Near North Side. Located just south of the intersection with North Avenue, the project will replace a vacant lot in the quickly densifying area. Efforts for the development are being led by City Pads Chicago with NORR Architects working on its design.
Site context plan of 1549 N Fremont Street via City Council
Rendering of 1549 N Fremont Street by NORR Architects
Bound by a multi-story Toyota dealership on its north and east sides, the project was revealed nearly two-years ago and approved by the city last year. Set to rise five stories and 75 feet in height, the development will focus on providing housing for the missing middle with a focus on smaller units and a tenant income cap.
First (left) and typical (right) floor plans of 1549 N Fremont Street by NORR Architects
Section of 1549 N Fremont Street by NORR Architects
The ground floor will hold an 8,000 square-foot retail space along Freemont, as well as a small lobby and 29 vehicle parking garage. Above the first floor the structure becomes U-shaped and will feature a central courtyard with a community garden terrace. This will contain 132-residential units made up of 112-studio, 12 one-bedroom, and eight two-bedroom layouts.
Rendering of 1549 N Fremont Street by NORR Architects
Rendering of 1549 N Fremont Street by NORR Architects
Of those, 26 will be considered affordable for those making 60-percent AMI, the remainder will be for those making up to 140-percent AMI or around $100,000 for individuals. The $40 million project has already received all of its necessary approvals, though a formal construction timeline has not been announced.
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Construction will start right after Labor Day!
Omg please start building this. I can’t stand that giant empty lot covered with trash and weeds. Andy, are you sure? Where’s the info from? They’ve been taking forever with it.
Oh, you are Andy Ahitow, the man behind the project! that’s great news! Thank you for bringing this project to life, judging by occupancy rates in nearby Post Chicago and Foundry this building will be a success.
These kinds of projects will have a huge effect on the North and Clybourn area, replacing surface lots and cars with housing, retail and people. The true mark of success will be for this area to no longer feel like the suburbs in the city.
I don’t get it. If you make over $100,000 you’re to allowed to rent there? And the developer is getting some kind of credit for renting small apartments to people who make $99,000?
What the heck does that accomplish?
Reread the article, it specifically said this development is targeting the missing middle – 60%-140% of AMI.
That is fantastic project for that particular AREA in the city. Congratulations!