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.
Construction permits have been issued for a three-story, four-dwelling residential building penned for Lake View‘s 3837 N Kenmore Avenue. Listed under the owner 3837 N Kenmore LLC, the project will contain four total dwelling units and a detached four-car garage with a rooftop deck. The development is set to replace a two-story masonry residence and a detached garage in the rear.
Construction is now on the 15th floor of 300 N Michigan Avenue, a 47-story mixed-use skyscraper near the northeast corner of The Loop. Sterling Bay and Magellan Development Group have co-planned the 523-foot-tall tower, which will hold 25,000 square feet of retail, a 280-room citizenM hotel, and 289 apartments on the upper floors when complete.
Demolition permits have been issued for a two-story, multi-unit residential building located at 1942 N Oakley Avenue in Bucktown. Tilynn Bontrager is the listed owner for the property, which is currently zoned for RT-4. While it is currently unknown what the owner plans for the site, RT-4 will allow for a two-flat, a townhouse, a low-a density apartment building, or a single family home. The designation also permits a floor area ratio of up to 1.2, in which any new development’s square footage may be up to 20 percent more than the area of the lot itself. The maximum height for residential properties of this type is 38 feet.
Work has reached the second floor of a six-story mixed-use building at 61 W Erie Street in River North. Planned by LG Development Group, the building will house retail space on the ground floor and 28 units above. Seven of these units are studios, while the remaining will be larger live/work layouts.