Glass installation and exterior work is progressing for the 11-story Gateway Apartments building, situated at 2050 W Ogden Avenue in the Illinois Medical District. There will be just under 10,000 square feet of ground-floor mercantile space, along with 161 dwelling units on the upper floors.
A demolition permit has been issued for a two-story, masonry building at 1402 S Western Avenue in the Near West Side neighborhood. The permit’s owners have been listed as 1860 N Elston LLC. As of the time of this writing, no plans appear to have been submitted to upgrade any of the zoning designations for this property and there are currently no plans for any future construction.
The Chicago City Council has approved tax incentives for four redevelopment projects across the city including Uptown, Humboldt Park, Chatham, and New City. All but one of the developments are new with the other being an extension of an existing credit, the incentive is as follows; commercial developments will be taxed at 10 percent for the first 10 years, 15 percent for the 11th year, and 20 percent for the 12th year before rising to the standard 25 percent thereafter. The two classes in this round of approvals are 6(b) due to new construction and 7(a) for redevelopment under $2 million.
Cladding is closing in on completion for a new eight-story building located at 1140 W Erie Street in West Town. Dubbed “Inspire West Town,” this mixed-use project is set to house 113 rental apartments atop ground-level commercial space. Developer Bond Companies has planned for 23 total affordable units, six residences will be on site with the other 17 subsidized units within the surrounding area.
Permits were issued last Thursday for a new four-story residential building located at 1520 N Ashland Avenue in the West Town neighborhood. The lot is currently unoccupied. The permit owner is listed as 1520 N Ashland LLC and plans indicate that the scope of the project will include two total units and a basement level. There will be a rooftop deck with an enclosed staircase, rear decks on the first and third floors, as well as a balcony at the front of the building on the third floor. Plans also show a detached two-car garage with its own rooftop deck.
