Residential

1055 W Diversey Submits Zoning Application

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.

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Chicago’s Most Expensive Condo Being Constructed By Director George Lucas

“Star Wars” creator George Lucas, have expanded his real estate portfolio with the purchase of a $11.2 million 66th-floor penthouse in Streeterville’s 800 N Michagan Avenue building from Citadel founder Ken Griffin. They plan to merge this penthouse with their existing 65th-floor condo, bought in 2015 for $18.75 million, to create a 16,000-square-foot duplex penthouse. The total cost for this project is estimated at $33.5 million, setting a new record for Chicago’s most expensive condo. Architect Scott Fortman of Gibbons, Fortman & Associates is overseeing the design, which includes adding two new interior staircases and upgrading electrical and mechanical systems as reported by the Chicago Tribune.

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LG Development Proposes Expanded Multifamily Projects in Chicago’s Fulton Market District

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.

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