The Chicago Community Development Commission has initially approved TIF funding for the redevelopment of 105 W Adams Street in The Loop. Located at the corner of South Clark Street and next to the Federal Center, the iconic structure has seen multiple redevelopment attempts over the past few years. Now, Chicago-based Primera Group is moving forward with its plans.
Construction on a five-story, 36-unit residential project at 4713 North Clark Street continues upward in Uptown. Developer and general contractor Platinum Homes received a building permit on January 6th of this year, and now their crew has reached the underside of the third floor. The construction site, on the northeast corner of Clark Street and Leland Avenue, formerly held a Byline Bank branch that was permitted for demolition in 2022 to allow redevelopment to begin.
The first of a pair of three-story with basement, two-unit residences has been permitted for the 2300 block of West St. Paul Avenue in Wicker Park. The entity of 2341-43 W Saint Paul Ave LLC is named as the property owner. They applied for two permits on April 29, with the first approval for 2343 West St. Paul coming through on May 12. The second permit, for 2341 West St. Paul, is still pending in the Chicago Data Portal.
Full funding has been secured for the residential development known as Parkside Phase III, located at 520 W Hobbie Street in the Near North Side. Spanning nearly a full city block, bounded by N Cambridge Avenue to the west and N Cleveland Avenue to the east, the affordable housing project is being led by Holsten Real Estate in partnership with the Chicago Housing Authority.
Efforts to reclaim the Otis Elevator foundry building at 16th and Laflin Streets in Pilsen and convert it to residences are underway. Construction crews have begun demolition work on the interior and west end of the 1902 structure. This major undertaking is led by developer R.P. Fox & Associates of Oak Park, who’ve brought on Mayer Jeffers Gillespie Architects to plan the overhaul.
