Brickwork is progressing rapidly at 1400 W Monroe Street, a seven-story condominium mid-rise underway near the southwest corner of West Loop. Dubbed “1400 Monroe” and planned by JK Equities, the residential project will yield a total of 42 residences, ranging from two- to four-bedroom units. These listings begin at approximately $800,000 for a one-bedroom, $1 million for a two-bedroom, and $2.5 million for a four-bedroom penthouse.
Work has officially broken ground at 410 S Wabash Avenue in The Loop, where developer LMC has planned a 25-story mixed-use tower. The project is set to yield 8,000 square feet of ground-level retail and 344 apartments on the upper floors. These units will be divided into 220 studios, 60 one-bedrooms, 61 two-bedrooms, and three three-bedrooms.
Plans have been revealed for a proposed mixed-use development at 2913 W Belmont Avenue in Avondale. Currently occupied by a single-family home, the property is located midblock between N Richmond Street and N Francisco Avenue fronting W Belmont Avenue. James Noonan of Castle Masonry Incorporated is the developer behind the proposal.
Demolition permits have been issued for a three-story residential building located at Palmer Square‘s 2033 N Albany Avenue. The structure is set back from the street, and owned by MK Builders & Construction. While the owner’s plans have not yet been published, the property is zoned under RS-3, which allows for single family residences and two-flats. RS-3 also permits a floor area ratio of 0.9, whereby any new building may have up to 90 percent of the square footage of the containing lot. As of now, it is unknown if the owner will seek a zoning change for allow for more density.
Caisson permits were issued this Wednesday for the Park Boulevard Phase 3B development, filed under the address of 41 W 36th Street in Bronzeville. Developed by Stateway Associates LLC, the new construction will comprise of two five-story residential buildings. With the current phase at its southwest corner, the larger Park Boulevard development is set to replace the former Chicago Housing Authority Stateway Gardens housing projects. This masterplan includes a total of 1,316 units spread across both townhomes and apartments.
