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.
Window installation has begun at 551 W Elm Street, where a seven-story mixed-use building has been co-developed by Parkside Four Phase II, LP and Holsten. According to construction permits issued December 2019, the Near North Side project will include 69 residential units, as well as additional office and community space.
Recent photos show the exterior of Near North Side‘s 551 W Elm Street nearing completion. The building is part of an eight-block, 18-acre complex dubbed “Parkside of Old Town” by developer Holsten Real Estate Development.