A new affordable residential development at 4531 W Washington Boulevard in West Garfield Park is closer to construction with the approval of a land sale and $10 million in tax increment financing. The four-story project is a collaborative initiative between CARE Manor and National Equity Fund , aiming to redevelop seven plots. Of these, five are owned by the developer and two by the city.
Final facade work continues to progress for a new high rise at 225 North Elizabeth Street in Fulton Market. The 28-story mixed-use tower is a joint effort between Sterling Bay and Ascentris and is situated at the intersection of Fulton and Elizabeth Streets.
Plans have been revealed for a new residential development at 5400 N Ashland Avenue in Andersonville. Located on the northwest corner with W Balmoral Avenue, the proposal will replace a one-story house just one block west of the Clark Street corridor. The project is being led by local real estate investor Josh Bradley, with Compass Architecture LLC working on its design.
Last week, developers Fulton St. Companies and JDL held an official groundbreaking ceremony for an 11-story mixed-use development located at 919 W Fulton Market. The structure is designed to offer 409,000 square feet of space for office and retail purposes.
A ribbon cutting ceremony has been held for the mixed-use redevelopment of the old Covent Hotel at 2653 N Clark Street in Lincoln Park. Sitting on the corner with W Drummond Place, the project is the first phase of a larger development that includes the lot in the rear. The work was led by the NHP Foundation and Drummond Development with local firm Weese Langley Weese Architects working on its design.
