Much of the exterior scaffolding has now been removed from the 24-story Old Republic Building in The Loop, revealing the extensive nature of its facade restoration. The 325-foot-tall Classic Revival office tower at 307 N Michigan Avenue was originally planned by the Bell and Zoller Coal Company and designed by Vitzthum & Burns.
The former Sears department store site, located at 4712 W Irving Park Road in Portage Park has undergone extensive construction since YIMBY’s last update. With Novak Construction as developer and general contractor, a comprehensive demolition was carried out earlier this year, making way for a $90 million adaptive re-use project. The six-story development is one of several, including the recently-covered Clarendale Six Corners, meant to enliven the intersection of Milwaukee and Cicero Avenues and Irving Park Road. It should be noted however that, according to an article by Nadig Newspapers, the project did receive a stop-work order from the city this week for performing work outside the scope of issued permits.
After six years of approvals and planning, construction is set to begin on the mixed-use Covent Hotel redevelopment this September. Planned by NHP Foundation, who had purchased the property in 2016, in partnership with Drummond Development, the project at 2653 N Clark Street in Lincoln Park will reuse the existing Covent Hotel building while adding a new seven-story edifice to the parking lot behind the existing building. Overseen by Weese Langley Weese Architects, the historic Covent Hotel is being renovated from 64 SRO units into 30 affordable studio apartments. The street-facing ground level will also provide 4,700 square feet of retail space along Clark Street.
Several key approvals have passed for 5200 W Chicago Avenue in Austin, where Heartland Housing Alliance and Oak Park Regional Housing Center have planned a major mixed-use redevelopment around the former Laramie State Bank. The Community Development Commission has approved the sale of 5206 W Chicago Avenue, while the Chicago Plan Commission has approved both the rezoning for the project and its Planned Development application. The scope of the plans have received both city and community support, having won the Austin Invest South/West RPF competition to imagine new projects for Chicago’s west and south sides.
Renovation work continues to take shape at the 24-story Victor F. Lawson House at 30 W Chicago Avenue in Near North Side. The Art Deco high rise was originally designed by Perkins, Chatten & Hammond and completed in 1931. Developer Holsten Real Estate will be deconverting the former YMCA from 538 single room occupancy units into 408 affordable apartments. In exchange for keeping all on-site units affordable until at least 2073, the project received both low income housing tax credits and $12.4 million in historic preservation tax credits. Holsten Real Estate has also received a $17.6 million loan from the city, a $79.4 million loan from Chase Bank, and a $17.2 million loan from the Illinois Housing Development Authority.