A construction permit has been granted for a new residential development located at 2528 W Monroe Street in the Near West Side. The project will feature a three-story frame building, providing a total of three dwelling units and three concrete parking pads. The owner of the project is listed as JRD LLC – 2530.
The Chicago Plan Commission has approved the affordable housing development at 2136 S Ashland Avenue in the Lower West Side. Located just north of the intersection with W Cermak Road, we first covered the proposal in January which will be replacing a vacant lot across the street from Benito Juarez High School. Dubbed ‘Casa Yucatan’, the structure is being developed by The Resurrection Project who are working with local architecture firm DesignBridge on it.
In 2019, Moody Bible Institute initiated a plan to sell 10 acres of real estate near its main campus in Near North Side. Having been to JDL to make way for the new North Union megadevelopment, the offloading of these properties resulted in roughly $200 million in net proceeds. These proceeds are now being channeled into campus improvements, new infrastructure, long-term reserves, and educational endowments.
A new construction permit has been issued for 1216 W Cornelia Avenue, a three-story residential building in Lake View. The project will span three stories with an additional basement level and yield two dwelling units.
Structural work has reached full height for the 27-story 868 N Wells Street in Near North Side, replacing a former low-rise brick building that was demolished last year. The developer of this mixed-use tower is JDL, who has planned for 411 units and 12,000 square feet of retail.
