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.