Initial details have been revealed for the apartment conversion of the former senior housing building at 3121 North Sheridan Road in Lake View. The existing building spans an entire city block, bound by West Briar Place to the north and West Barry Avenue to the south, and was recently purchased by local developer Annenberg Investments.
Site context map of 3121 N Sheridan Rd via Google Maps
The 14-story structure was originally built in 1954 and has changed hands several times. It was taken over by senior housing developer Ventas in the 1990s, which eventually partnered with Brookdale Senior Living until last year. Brookdale abruptly announced last August that it would be closing the facility and displacing all residents from its 256 units, according to CBS.
We now know this followed Annenberg’s $30 million purchase of the property late last year. The developer plans a substantial interior renovation, adding amenities such as a fitness center, coworking space, podcasting studio, and more. The existing units will be deconverted into 296 apartments comprised of studio and one-bedroom layouts.
View of 3121 N Sheridan Rd via Google Maps
Because the building was already vacated when it was handed over — and because the site is already zoned for apartments — the team is wasting no time kicking off construction. Work is expected to take place for most of the summer, with a Fall 2026 opening date listed on Annenberg’s website. Market-rate rents are projected to range from $1,850 to $2,650 per month upon completion.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
I’d set.the over/under on the ceilings at 7 feet.
Great for more housing but sucks for the seniors who were kicked out.
This this not a gain of more housing since it’s already a housing. However it’s a lost for senior housing housing. One step forward two steps backward.
It is a gain of 40 housing units.
There were 256, now there will be 296.
Good more affordable conversion in a great location.
You think 2K a month for a studio is affordable housing? Bless your heart
I love words like “affordable” and “luxury” that have no measurable definition.
My Dad lived at Brookdale (not affected by the closure) his one-bedroom unit was a nice size and while well maintained, had a 1954 vibe. I get why it was time for the building to be rehabbed. Brookdale has another building a couple blocks south which is much newer. However, demographically, Chicago needs more senior housing, not less… Also, I think his ceiling was 8 feet high (based solely on the Xmas tree fitting), sorry Truth Be Told (-:
Truth be told they started last year not renewing seniors leases in this building, so it would be vacant at close
Great reuse of a solid building, but they should also redo the facade of this ugly building. Skilled designers could greatly improve its current sad and depressing street presence. I can only imagine what they tore down to build this concrete monolith.
The key word is “could”.
But why on earth would they add a podcasting studio as an amenity?? That’s just some second-hand embarrassment kinda marketing. And if that’s a new sought for space in housing, I got a new keyword to avoid. TikTok filming studios coming next…
My late mother lived at a Brookdale facility, based on her experience, I’d say it’s a blessing for the seniors who lived their. I hope they were moved to a better living situation.
Awesome. This building could use a good sprucing up!