Final Touches Underway for Elm 551 at Parkside in Near North Side

Only final touches remain for Elm 551 at Parkside, a three-building apartment complex at 551 W Elm Street in Near North Side. With Holsten Real Estate Development Corporation as the developer, the project is the latest milestone in a broader mixed-income masterplan known as Parkside of Old Town.

Elm 551 at Parkside. Photo by Jack Crawford

Elm 551 at Parkside. Photo by Jack Crawford

Elm 551 at Parkside. Photo by Jack Crawford

At 102 total residences, Elm 551 at Parkside houses 33 walk-up units within two three-story buildings known as the “flats.” These residences range between one- and three-bedroom units. The third seven-story building accommodates the other 69 apartments varying from studios up to three-bedroom units. All dwellings feature white pane cabinets, quartz countertops, and stainless-steel energy efficient appliances. The flats, meanwhile, come with in-unit laundry.

Elm 551 at Parkside. Photo by Jack Crawford

Elm 551 at Parkside. Photo by Jack Crawford

Various amenities housed in the mid-rise portion comprise of a fitness center, an office space, and common areas. The mid-rise also contains a common laundry facility for residents.

Elm 551 Sample Mid-rise Floor Layout. Rendering by Landon Bone Baker Architects

Landon Bone Baker is the project architect. The contemporary design integrates pre-cast concrete panels with colored accents throughout. Both the flats and mid-rise involve angled roof lines that add to the dynamic aesthetic.

Elm 551 at Parkside. Photo by Jack Crawford

Elm 551 at Parkside. Photo by Jack Crawford

Most recent listings of the development have indicated 71 surface-level parking spaces. Other available transportation consists of Route 70 available via a two-minute walk north to Division & Larrabee. Also nearby are stops for Route 8, within a seven-minute walk northwest to Halsted & Division and along N Orleans Street to the east are additional stops for Route 37.

As far as CTA L service, residents can find closest Brown and Purple Line trains either at Sedgwick station via a 16-minute walk northeast or Chicago station via a 16-minute walk southeast. Slightly further via a 21-minute walk southwest is the Blue Line, with service at the other Chicago station.

Elm 551 at Parkside. Photo by Jack Crawford

Elm 551 at Parkside. Photo by Jack Crawford

Linn-Mathes has served as the general contractor for the construction, with move-ins imminent as the remaining work wraps up.

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