The Chicago Community Development Commission has approved the funding for an extensive renovation of the Barbara Jean Wright Apartments located at 1354 S Morgan Street in the Near West Side. The existing development is bound by W Maxwell Street to the north, S Morgan Street to the east, and W 14th Place to the south, along with two other housing projects to the west. Developer Jonathan Rose Companies is heading the effort who has managed over $1.8 billion in properties and recently broke into the Chicago market.
Permits were issued yesterday for a new three-story residential building located at 3146 S Shields Avenue in the Armour Square neighborhood. Henry Tam is listed as the permit owner. Plans indicate that the scope of the project will include the construction of three total units with a basement level. The building will have an exposed rear staircase accessible on all levels. There will also be a three-car parking pad. A permit has been submitted to remove the current structure though it has yet to be issued.
The City of Chicago and Mayor Lori Lightfoot have announced the winner of the latest Invest South/West RFP at 4300 W Roosevelt Road in North Lawndale. The currently empty site is roughly bounded by W Roosevelt Road to the south, S Kostner Avenue to the west, W 5th Avenue to the north, and S Kildare Avenue to the east. The winning proposal comes to us from developer partners 548 Developments and Related Midwest who are working with Lamar Johnson Collaborative, Ware Malcomb, and Site Design Group on the project’s design.
Initial foundation work is progressing at the site of Madison + Carpenter, a six-story mixed-use building getting ready to rise at 6 N Carpenter Street in West Loop. ZSD is the project developer, whose plans for the boutique building will comprise of ground-level retail, above which will be 13 condominium residences. These residences will range from four to five bedrooms and from 2,400 to 3,800 square feet. Prices, meanwhile, will fall between $2 million and $3 million.
The full building permit has finally been issued for 1000 S Michigan Avenue. As previously reported, the building will be a 73-story residential development, known affectionately as ‘1000M‘, and is being developed by Time Equities and JK Equities in South Loop. The building itself was designed by the late Helmut Jahn and plans indicate 738 total dwelling units, along with 320 on-site parking spaces. The units will be split into four tiers of design and will vary in size and amenities as the floors ascend. Future residents will have access to nearly 75,000 square feet of indoor and outdoor space.