Construction is wrapping up for a mixed-income residential project known as Elm 551 at Parkside, located at 551 W Elm Street in Near North Side. Holsten Real Estate Development Corporation is behind the project, whose plans include a seven-story mid-rise and a pair of low-rise walk-up buildings. The site was previously occupied by a vacant grass lot that once formed part of the now demolished Cabrini Green homes. The undertaking is the latest phase of a larger development scheme known as Parkside of Old Town.
Parkside of Old Town
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.
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.