The Chicago City Council has approved $2.5 million in Tax Incremental Financing money for a mixed-use development located at 3557 W Lawrence Avenue in Albany Park. Located on the intersection of W Lawrence Avenue and N Central Park Avenue, the corner site is currently an unused vacant lot. Celadon Holdings is the developer behind the proposal.
Facade work is approaching completion at Southbridge Phase I, which comprises of two six-story buildings located at 2310 S State Street and 2344 S State Street in Chicago’s Near South Side. Developed by McCaffrey and The Community Builders, each building will offer ground-level retail and 103 mixed-income apartments on the upper floors. Amenities will comprise of a fitness center, a community dining space, and multiple outdoor terraces with city views. Parking will also offer surface-level spaces located in the rear.
Work has reached full height at 508 E Pershing Road, a four-story mixed-use building that recently topped out in Chicago’s Bronzeville neighborhood. Planned by The Community Builders Inc, the development will house 3,500 square feet of ground-floor retail with 53 residential units on the upper floors. Under the Chicago Housing Authority, 36 of these units will be affordable, with the remaining 17 residences as market rate.
Construction is now above street level for Inspire West Town, an eight-story mixed-use development by Bond Companies located at 1140 W Erie Street. The 108-foot-tall West Town development will house ground-level retail and a total of 113 rental units. Six of these units will be affordable, while an additional 17 will be provided off site under the Affordable Requirements Ordinance.
Construction has now topped out for 1454 W Randolph Street, an 11-story residential building by Marquette Properties. Located at the western edge of West Loop, the development will house a total of 242 apartments, as well as lobby and amenity space for residents. These apartments will comprise of studio, convertible, one-bedroom, and two-bedroom options, many of which will include connected balcony spaces. Prior to construction, the triangular parcel was occupied by a vacant lot and a pair of two-story masonry buildings, which underwent demolition late last year.
