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.
551 W Elm Street
Construction is wrapping up for a mixed-income residential project known as Elm 551 at Parkside, located at 551 W Elm Street in Near North Side. Holsten Real Estate Development Corporation is behind the project, whose plans include a seven-story mid-rise and a pair of low-rise walk-up buildings. The site was previously occupied by a vacant grass lot that once formed part of the now demolished Cabrini Green homes. The undertaking is the latest phase of a larger development scheme known as Parkside of Old Town.
The residential complex known as Elm 551 is nearing exterior completion at 551 W Elm Street in Near North Side. Developed by Holsten Real Estate, the project comprises of a seven-story residential building, as well as a pair of three-story townhome buildings. The mixed-income development will house 102 units and is part of a larger redevelopment scheme known as Parkside of Old Town.
Window installation has begun at 551 W Elm Street, where a seven-story mixed-use building has been co-developed by Parkside Four Phase II, LP and Holsten. According to construction permits issued December 2019, the Near North Side project will include 69 residential units, as well as additional office and community space.
Recent photos show the exterior of Near North Side‘s 551 W Elm Street nearing completion. The building is part of an eight-block, 18-acre complex dubbed “Parkside of Old Town” by developer Holsten Real Estate Development.