The residential complex known as Elm 551 is nearing exterior completion at 551 W Elm Street in Near North Side. Developed by Holsten Real Estate, the project comprises of a seven-story residential building, as well as a pair of three-story townhome buildings. The mixed-income development will house 102 units and is part of a larger redevelopment scheme known as Parkside of Old Town.
Construction permits have been issued for a four-story residential building located at 3348 N Ashland Avenue in Lake View. The owner, filed under Kyle Nikolich, is planning four units, a rooftop deck, a two-car garage, and additional outdoor parking stalls. The project will replace a 3.5-story frame structure with a masonry base.
Renderings have been revealed for a proposed residential development located at 4600 N Marine Drive in Uptown. Poised to replace an existing parking lot, the building will rise at the intersection of N Marine Drive and W Wilson Avenue. Lincoln Property Company is the developer behind the proposal.
Zoning has been approved for a four-story residential building at 3604 N Campbell Avenue in North Center. The owner, listed under 2604 North Campbell Avenue, LLC, is planning 12 total dwelling units. Zoning designation of B3-2 permits commercial space on the first floor and apartments above. The now-approved amendment sought to include all-residential use, foregoing grade-level retail space. The first floor will instead include resident parking and an amenity room.
Demolition permits have been issued for a two-story masonry building located at 1511 W 59th Street in West Englewood. First Allegiance is the owner behind the multi-unit residential edifice, although plans for the site currently remain unknown. The zoning designation of B3-1 would allow for larger retail storefronts and a maximum height of 38 feet. B3-1’s floor area ratio is 1.2, which permits any structure’s floor area to be 1.2 times the area of the total property.
