The Chicago Plan Commission has approved the RiverWard residential development at 2235 W Oakdale Avenue near Roscoe Village. Sitting just west of the recently redeveloped Lathrop Homes, the project will be replacing a long-term vacant lot along the Chicago River. Efforts for this are being led by ZSD Corp, who is behind yesterday’s 1333 N Kingsbury.
Rendering of RiverWard by SGW Architecture & Design
Rendering of RiverWard by SGW Architecture & Design
Earlier this month, YIMBY reported on the the project’s newest renderings and information. Work will begin with basic site infrastructure across the 1.8-acre lot with a new central drive aisle, subdividing the site and connecting all of the future homes to the main roads. This will also include landscaped courtyards and a public expansion of the riverwalk.
Floor plan of RiverWard unit by SGW Architecture & Design
Rendering of RiverWard by SGW Architecture & Design
Vertical work will take place in phases as the for-sale units are sold. In total, the development will build out 35 four-story townhomes made up of three and four-bedroom layouts. Of the total, six will be sold as affordable units. Each townhome will have a private garage, flex space, skylights for internal bedrooms, and a private rooftop deck.
Rendering of RiverWard by SGW Architecture & Design
Rendering of RiverWard by SGW Architecture & Design
The townhomes will be clad in multi-colored brick and black metal panel accents. The homes will sell for anywhere from $1.2 to $2 million, with the location and size dictating the cost. With four homes already having sold, the project will now need to fully secure funding in order to start construction. Work could begin by the end of the year, with a 13-month timeline per phase.
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“Affordable” units in a development of $1.2m to $2.0m townhouses. What, are they going to mark them down to $1.0m so that a needy family with a $250k income can afford them?
Just bizarre, and so totally counterproductive to housing production. Taxing new homes and reducing their production while claiming to be promoting housing affordability is either peak hypocrisy, or peak stupidity. Looking at the current administration, it’s probably the latter.
I don’t see any mention of this having any affordable units.
Of the total, six will be sold as affordable units
If so that is stupid. These affordable units policy is just not sustainable and a hidden tax on everyone else whether through renting or purchasing.
I also suspect many of these people who qualify for these programs are abusing the system (poor on the books but actually have lots of cash).
What is the income qualifications for the affordable townhomes for family of 1, 2, or 3 persons?
Betcha Brandon johnson and his cronies will be first in line to get theses townhomes
To Whom It May Concern, lol.
We should encourage as much riverfront development as possible. This site was empty for so many years.