Two permits have been issued by the City of Chicago to build a four-story addition and to renovate portions of the existing Prescott Elementary School at 1632 West Wrightwood Avenue in Lincoln Park. The permit applications were filed by CPS on January 16, and came through on May 7 with a reported construction cost of $2.622 million.
The Chicago Community Development Commission has initially approved TIF funding for the redevelopment of 105 W Adams Street in The Loop. Located at the corner of South Clark Street and next to the Federal Center, the iconic structure has seen multiple redevelopment attempts over the past few years. Now, Chicago-based Primera Group is moving forward with its plans.
Construction on a five-story, 36-unit residential project at 4713 North Clark Street continues upward in Uptown. Developer and general contractor Platinum Homes received a building permit on January 6th of this year, and now their crew has reached the underside of the third floor. The construction site, on the northeast corner of Clark Street and Leland Avenue, formerly held a Byline Bank branch that was permitted for demolition in 2022 to allow redevelopment to begin.
The first of a pair of three-story with basement, two-unit residences has been permitted for the 2300 block of West St. Paul Avenue in Wicker Park. The entity of 2341-43 W Saint Paul Ave LLC is named as the property owner. They applied for two permits on April 29, with the first approval for 2343 West St. Paul coming through on May 12. The second permit, for 2341 West St. Paul, is still pending in the Chicago Data Portal.
Full funding has been secured for the residential development known as Parkside Phase III, located at 520 W Hobbie Street in the Near North Side. Spanning nearly a full city block, bounded by N Cambridge Avenue to the west and N Cleveland Avenue to the east, the affordable housing project is being led by Holsten Real Estate in partnership with the Chicago Housing Authority.
