Core construction has nearly reached its full height for the seven-story mixed-use development at 949 W Dakin Street, located near the northeast corner of Lake View. The developer Draper and Kramer has planned 13,000 square feet of ground-level retail space, with 120 residential units above.
Work on the exterior wall has climbed the western face of the Peoria Green development, a six-story condominium project at 123 S Peoria Street in West Loop. Planned by ZSD Corporation, the building squeezes within an irregularly shaped lot, requiring it to split into adjacent east and west wings. ZSD Corporation plans for 17 units spread across its 70,000 square feet, ranging from four- to five-bedrooms. Prices range between $1.8 million and $3 million, according to the development website which also lists units are 90 percent sold. In January Crain’s reported that given the unexpected demand in sales, the developers altered the original programming to include more higher-priced units.
The owner, listed under 2127 W Madison LLC, is planning 48 total units for the building, as well as 48 parking spaces and two retail spaces. The developer’s adjacent project, 2127 W Madison Street, has a slightly smaller 40-unit layout.
The six-story residential development at 123 S Peoria Street has structurally topped out in West Loop. Dubbed “Peoria Green,” the building also addressed as 128 S Green Street will bring 17 condominium units to the rapidly developing neighborhood.
Construction has begun on a seven-story mixed-use building at 949 W. Dakin Street in Chicago‘s East Lakeview neighborhood. Located across the street from the Sheridan Red Line station and two and a half blocks north of Wrigley Field, the transit-oriented development replaces a single-story structure. Current tenant Ace Hardware is expected to fill a portion of the 13,000 square feet of retail space that will be located on the lower level of the new edifice. The property and financial services firm Draper and Kramer is the developer of the 120-unit project.