Initial details have been revealed for a mixed-use development at 1565 N Clybourn Avenue in Near North Side. Sitting on the northeastern corner of the intersection with N Halsted Street, the proposal was announced in a recent newsletter from second ward alderman Brian Hopkins. The project is being developed by New York-based The Georgetown Company, though an architect is currently unknown.
Near North Side
The mixed-use development at 1043 N Rush Street in Near North Side has completed structural work for both floors. Led by L3 Capital and designed by GREC Architects, the building will soon showcase a tan brick cladding, dark metal highlights, and arched street-level bays.
Facade work is nearing completion for Foundry at Wendelin Park, a 27-story mixed-use tower at 1475 North Kingsbury Street in Near North Side. Led by Structured Development and White Oak Realty Partners, the development features three buildings centered around the recently inaugurated Wendelin Park, the namesake of the broader master plan formerly known as “The Shops at Big Deahl.”
In 2019, Moody Bible Institute initiated a plan to sell 10 acres of real estate near its main campus in Near North Side. Having been to JDL to make way for the new North Union megadevelopment, the offloading of these properties resulted in roughly $200 million in net proceeds. These proceeds are now being channeled into campus improvements, new infrastructure, long-term reserves, and educational endowments.
Structural work has reached full height for the 27-story 868 N Wells Street in Near North Side, replacing a former low-rise brick building that was demolished last year. The developer of this mixed-use tower is JDL, who has planned for 411 units and 12,000 square feet of retail.