The construction for a 22-story mixed-use building now dubbed “The Lydian” is closing in on completion at 513 S Damen Avenue in the Illinois Medical District. With 279 rental units and 1,000 square feet of retail on the ground level, the 242-foot-tall structure is being developed by Marquette Companies and meant to cater an increasing apartment market amongst medical professionals working nearby.
The tower crane stump and installed foundations can be seen at 225 N Elizabeth Street, set to give way to a new 28-story, 314-foot building in Fulton Market District. Developer Sterling Bay and partnering private equity firm Ascentris are behind this mixed-use project, which will provide 350 new apartment units atop ground-level retail.
Structural work has now begun on the second floor of 140 N Ashland Avenue, a 12-story mixed-use building rising in Near West Side. Under development by Marquette Companies, the new building will be integrated with an existing five-story brick building adjacent south, yielding a total of 210 apartments atop ground-level retail. The development will yield a minimum of 10 percent on-site affordable units, while it has yet to be determined if the remaining five percent will be on site or off.
Construction has broken ground for 5200 W Chicago Avenue in Austin. The Oak Park Regional Housing Center and Heartland Housing Alliance have partnered to breathe new life into the historic Laramie State Bank building. The building is part of a larger initiative known as INVEST South/West. The new measures hope to focus the resources of multiple city departments, as well as outside community organizations and corporate/philanthropic partners, toward 12 commercial corridors within 10 different south and west side neighborhoods.
With construction having topped out this past summer, facade pieces continue their installation along The Reed, a 41-story residential tower at 234 W Polk Street in South Loop. With 440 total units, the building is the second structure to be added to Lendlease‘s seven-acre master plan known as Southbank.
