It was announced on Monday via press release that Mayor Lori Lightfoot’s $16.4 billion 2023 fiscal year budget was passed by Chicago City Council. The budget was passed with 32 in favor and 18 opposed.
Work is getting closer to completion for Structured Development’s Shops at Big Deahl Phase 2 in Near North Side. The overall $250 million scheme is oriented around a new urban park on an elbow-shaped parcel. Phase one of this project was the construction of a new three-story climbing gym known as Movement Lincoln Park. Situated at the east end of the property, this first component was completed last year.
Full building permits have been issued for the residential development at 3449 N Ashland Avenue in Lake View. This third and final phase of a larger block-long project will sit on the southeast corner with W Cornelia Avenue and finish the replacement of the Loyola Press building that stood on the site for 97 years. Developed under an LLC for the address, Contemporary Concepts Inc is the company behind the three structures and have been working with Studio Dwell Architects on all of their designs.
Demolition permits were issued earlier this week to remove a three-story mixed-use building located at 3920 N Lincoln Avenue in the North Center neighborhood. The owner is listed as 3914 Lincoln LLC. The building will be replaced by an upcoming development by Longford Construction and designed by SPACE Architects + Planners. The new construction will be a five-story building that will include 7,000 square feet of retail space and 68 residential units. Precision Excavation is acting as the demolition contractor on the project.
Directly west of the Chicago River across from Goose Island, a tower crane permit has now been issued for a large-scale distribution center and warehouse. Owned and developed by Logistics Property Company (LPC), the 11-acre site was once home to a Peoples Gas production facility and required extensive rehabilitation following its previous use.
