Final facade work is wrapping up for Optima‘s seven-story mixed-use building known as Optima Lakeview, located in Lakeview East. Residing at 3460 N Broadway on the former site of a Treasure Island Foods grocery store and parking lot, the development involves a 14,000-square-foot retail component and 198 apartment units on the upper floors. These rentals range from one- through three-bedroom layouts.
Stabilization work has been ordered on the Laramie State Bank Building located at 5200 W Chicago Avenue in Austin. As a part of one of the Invest South/West sites, the bank will see a new life as an incubator, cafe, and blues music museum as work progresses over the coming years. Sitting on the northwest corner of the intersection with N Laramie Avenue, the bank has been vacant for nearly a decade and is in dire need of work to assure its long-term feasibility.
A demolition permit was issued last week for a two-story, multi-unit residence and detached frame garage located at 1508 W Wrightwood Avenue in the Lincoln Park neighborhood. The permit’s owner has been listed as Wrightwood 1508 LLC. As of now, no plans appear to have been submitted to upgrade any of the zoning designations for this property and there is currently no information on any future constructions at the site.
Both core and structural work continue to rise at 354 N Union Avenue in Fulton River District, where Onni Development Group has planned a 33-story residential tower. This 410-foot-tall edifice will yield 373 total rental units, with offerings ranging from 400-square-foot studios up to 1,600-square-foot three-bedroom units.
The Commission on Chicago Landmarks has decided to move forward with pursuing landmark status for the Seth Warner house located at 631 N Central Avenue in Austin. The house, just north of the corner with W Ohio Street, was recently nominated by Preservation Chicago along with a handful of other sites last month and is moving ahead with pursuing the status. The commission hopes that its proximity to the Invest South/West projects in Austin will help gather momentum in the restoration and preservation of the home.
