Contemporary Concepts has submitted a zoning application for a proposed residential development at 1055 W Diversey. The project site, currently housing a church. The new development, designed by Studio Dwell Architects, is planned to be a five-story building with 24 residential units, standing 58 feet tall. The exterior will feature a brick cladding with metal accent panels and limestone on the ground floor windows.
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.
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.
The Chicago City Council has sanctioned a $25 million bond for The Ave, a multi-family housing project. The Ave, which won the Chicago Ave Invest South/West RFP site in late 2021, will be situated at 3601 W. Chicago, replacing the existing Neighborhood Housing Services office and a city-owned commercial building. The project, led by KMW Communities, POAH, and CEC, will be a four-story structure housing 52 affordable apartments, a Neighborhood Housing Services space, an innovation center, 16,000 square feet of retail space, and a ground-floor parking area for 32 vehicles.
