Since our last update, the two-story retail development at 113 E Oak Street in Near North Side has completed construction. Spanning 5,050 square feet, the new building was developed by 113 E Oak Street LLC with an equal distribution of space between its two floors. The first and second floors offer approximately 2,600 and 2,500 square feet, respectively.
Near North Side
Construction for a new mixed-use development at 1043 N Rush Street in Near North Side is now above grade. The two-story project, led by L3 Capital, has enlisted GREC Architects for its design. The exterior will have tan brick cladding, dark metal accents, and arched street-level bays.
Structural work advances in the Near North Side for two adjacent towers at 868 N Wells Street and 920 N Wells Street. The projects are part of the sprawling North Union megadevelopment, a $1.3 billion master plan that will eventually occupy 2.9 million square feet of space. Both towers are being developed by JDL, designed by Hartshorne Plunkard Architecture, and constructed by Power Construction.
JDL‘s expansive North Union development project in Near North Side has made headway, with construction now above grade at one of its first three buildings, the five-story 232 W Chestnut Street. Situated at the junction of N Franklin Street and N Wells Street, the residential project will be Chicago’s first modern large mass-timber construction. This innovative move marks a notable shift for Chicago since its adoption of the International Building Code (IBC).
The Community Development Commission has approved partial funding for the residential development at 520 W Hobbie Street in the Near North Side. The new structures at the nearly full-block project will expand the existing Parkside of Old Town complex. Developer Holsten Real Estate is working with the Chicago Housing Authority and Cabrini Green Community Development Corporation, tapping local firm Landon Bone Baker Architects for the design.