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.
Yesterday, a ribbon-cutting ceremony was held for a new three-building mixed-income housing development known as Schiller Place Apartments in Near North Side. Situated at 711, 731 and 749 W Schiller Street, the project is a collaboration between co-developers Structured Development and Evergreen Real Estate Group and governmental bodies such as the Chicago Housing Authority (CHA) and Illinois Housing Development Authority (IHDA).
