The Chicago City Council has approved a rezoning request for a residential project at 5400 N Ashland Avenue. Designed by Compass Architecture, the development has been scaled down from a five-story to a four-story structure, now standing at a height of 52 feet, down from the initial 57 feet.
The Arlington 425 project in downtown Arlington Heights has recently received a six-month construction-related extension from the Village Board. The extension, approved on April 15, extends the deadline for the proposed mixed-use development from May 3 to November 3. The development will eventually contain a combined total of 319 residential units and approximately 7,500 square feet of commercial space alongside 479 parking spots.
The Saint Grand, a mixed-use development at 218 E Grand in Streeterville, has opened for residents. The project, led by Mavrek Development, GW Properties, Luxury Living, and Double Eagle Development, was topped off in August 2023. The building was designed by NORR and constructed by Lendlease. The building also offers 7,500 square feet of retail space and a bike room for residents and office tenants.
LG Development is expanding its vision with a new proposal for two apartment towers in the Fulton Market District. The firm plans to construct a 25-story building with 287 units at 170 N May Street and a 38-story tower with 380 units at 175 N Racine Avenue. This revised proposal is an increase from their previously approved plan for a 29-story high-rise with 486 units as reported by therealdeal.com.
The Chicago City Council has approved a $1.25 billion borrowing plan over five years. This is a win for Mayor Brandon Johnsons plan, aiming to increase affordable housing and good-paying jobs without raising property taxes.
