Construction is drawing to a close for a four-story residential building at 4937 N Winthrop Avenue in Uptown. Variable Properties LLC is the project developer, whose plans consist of seven total condominium units. Prior to this development, the parcel was occupied by a three-story masonry residence.
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.
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.
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.
The Community Development Commission has approved the land sale and Tax Increment Financing (TIF) funds for the affordable mixed-use development at 201 S Kedzie Avenue in East Garfield Park. Going by the name ‘Garfield Green’, the two-site project located on the intersection with S Fifth Avenue recently received approval from both the plan commission and city council. Developer Preservation of Affordable Housing won the C40 Reinventing Cities competition in 2018 with structures designed by Perkins + Will and Nia Architects
