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.
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.
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.
