The Chicago City Council has approved the rezoning for a residential development at 3350 N Ashland Avenue in Lake View. Located just south of the corner with W Roscoe Street, developer 3350 N Ashland LLC plans to demolish the existing two-story masonry commercial building built in 1988 and has sat vacant for multiple years. With 31,348 households within a mile of the lot with a yearly median income of $115,753, the developers hope to tap into the housing boom currently seen in the city.
A demolition permit has been issued for a two-story, multi-unit frame building along with a detached frame garage located at 2853 North Clybourn Avenue in the North Center neighborhood. The permit’s owners have been listed as MIT Development LLC.
Three new winners of the city’s Invest South/West initiative have been announced by the mayor in Humboldt Park and South Shore. The three winners are located at 3601 W Chicago Avenue and 4000 W North Avenue in 2908 E 79th Street in South Shore. All together the three proposals represent a $126 million investment in the neighborhoods aimed at increasing the quality of life, adding equitable affordable housing while joining a list of seven past winners of the two-year-old program that are set to break ground soon.
At the southwest corner of Streeterville, facade scaffolding can be seen directly north of Tribune Tower at 160 E Illinois Street. Originally built in 2007 at 26 stories, the building known as “Avenue East” contains a total of 130 condominium units. The edifice offers a postmodern aesthetic with a mix of metal paneling, concrete, and glass.
A permit was approved early last week for a new three-story residential building to be located at 5203 S Wabash Avenue in the Washington Park neighborhood. The owner is listed under the name Kalos Group Development LLC, with plans for three total units with an open rear steel stairway and an accompanying three-car concrete parking pad. The building will share a lot with another project that was approved for the same owners in October.