Facade work is approaching completion for Peoria Green, a six-story residential development underway in West Loop. The developer ZSD Corp is planning 17 condominium units split into two wings under the addresses 123 S Peoria Street and 128 S Green Street. The construction is replacing a former parking lot, adding to the rapidly evolving density of West Loop’s southeast corner.
Construction permits were recently issued for a four-story residential development at 4733 N Wolcott Avenue in Ravenswood. FEPH-Highland Park LLC is the listed owner, who plans 112 total units and 67 parking spaces. The structure is set to replace a former parking lot and two-story brick commercial building, and is the third installment of a three-part development that is bound by Wolcott, Lawrence, and Ravenswood Avenues. While the first sub-area is a now-complete single-story bank, the second planned development received permits earlier this month under the same developer, architect, and general contractor.
Structural work has climbed to the fourth floor of 15 N Elizabeth Street, a five-story residential building near the southwest corner of West Loop. The condominum development is a collaboration between Ranquist Development Group, Jodi Development, and Campbell Coyle.
Demolition permits were recently issued for a three-story masonry building at 462 N Morgan Street in West Town. Filed under the owner Baby Grand LLC, no plans have been published as to what will replace the multi-unit residential structure. However, the parcel is currently zoned for M2-2 Light Industry District, which allows for moderate manufacturing, warehouses, as well as freight and recycling facilities. M2-2 also permits a floor area ratio of 2.2, so that any new development may have up to 2.2 times the square footage as the containing lot. Currently it is unclear if the owner plans to apply for an amendment to change the designation.
The Chicago Plan Commission has approved a mixed-use development at 140 N Ashland Avenue in the Near West Side. Located at the intersection of N Ashland Avenue and W Lake Street, the project site is across from Union Park. The existing structure on the lot is the current home of the Women’s Treatment Center, which will be downsizing their operations and moving out of the building. Marquette Companies is the developer behind the proposal.
