Residential

City Council Approves Redevelopment At 2653 N Clark Street In Lincoln Park

The Chicago City Council has approved the redevelopment and land-use agreement for The Covent Hotel mixed-use renovation at 2653 N Clark Street in Lincoln Park. Located on the corner with W Drummond Place just a few blocks from the lake, the proposal would reconvert the Single Room Occupancy (SRO) property into affordable studios led by the National Historic Preservation (NHP) Foundation. The approval would also allow for city funds to be distributed to NHP to fulfill the conversion that has been in the works since 2019.

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1118 W Patterson Avenue

Facade Work Progresses for 1118 W Patterson Avenue in Wrigleyville

Exterior work is in full swing for 1118 W Patterson Avenue, a four-story residential building in Wrigleyville. The developer is Patterson Green LLC, a subsidiary of Repak Real Estate Development. The scope of this project includes total of 18 condominium units, two of which will designated as affordable. The unit layouts are for the most part standard, save for one major outlier. Nine units are one-bedrooms, falling between 598 and 910 square feet. Another eight are two-bedrooms between 782 and 1,479 square feet. The 18th unit will be a single residential unit occupying the entirety of the fourth floor and encompassing 6,252 square feet. The exact bedroom count for this final condo could not be discerned from planning documents.

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The Reed (234 W Polk Street)

The Reed Surpasses Ninth Floor at 234 W Polk Street in South Loop

Structural work has now passed the ninth floor for the 41-story residential tower known as The Reed, located directly north of River City Apartments in South Loop. Under the address 234 W Polk Street, this new high rise is part of a large master plan known as Southbank. With Lendlease as the developer, this scheme includes the completed development “The Cooper” adjacently west, alongside a host of new public park spaces. Future plans include a pair of towers roughly the same height as The Reed, connected by a podium at their base.

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Details Revealed On Renovation Of Affordable Property At 6430 S Stony Island Drive In Woodlawn

New details have been revealed on the sale and renovation of an affordable housing project at 6430 S Stony Island Drive in Woodlawn. Located just north of the intersection with E 65th Street, the 1969-built structure was recently purchased by the Preservation Of Affordable Housing (POAH) for over $29 million from PNC Bank who has owned the property since 2015. The renovation gives residents a sigh of relief as the area directly across the street from the future Obama Presidential Center grapples with rising cost.

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