Demolition has begun at the site of 1200 W Carroll Avenue, located in West Loop‘s Fulton Market. Planned by Sterling Bay, the replacing 14-story development will reach a total height of 227 feet and feature nearly 485,000 square feet of Class A office space.
Construction has been completed on the renovation of 150 apartments at Prairie Shores at 2801-3001 S Martin Luther King Drive. Located on a 20-acre site in Bronzeville, the five-tower complex spans from E 28th Street to E 31st Street. Developed from 1957 to 1961, the project was purchased in 2019 by developers Golub & Company and Farpoint Development.
Demolition permits have been issued for three masonry buildings located at 3415-25 N Ashland Avenue in Lake View. Developed by Contemporary Concepts in partnership with Wildwood Investments, the replacing project will be a four-story residential building, with a total of 53 units ranging from studios to two-bedrooms. Five of these units will be affordable housing under the city’s Affordable Requirements Ordinance.
The Community Development Commission has approved the $96.9 million sale of the former Michael Reese Hospital site to the developers of the Bronzeville Lakefront megadevelopment in Bronzeville. Located at 2929 S Ellis Avenue, the property is bound by E 26th Street to the north, E 31st Street to the south, S Vernon Avenue to the west, and S Lake Park Avenue to the east. The developers for the site are a team called GRIT Chicago, composed of Farpoint Development, Loop Capital, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development, and Bronzeville Community Development Partnership.
Structural work has reached the third floor of 1039-41 W Belmont Avenue, a four-story mixed-use building currently underway in Lake View. Cumin Restaurant is the occupying owner, filed under the name Kathmandu Properties in the original construction permit. The new structure will replace a former two-story masonry building that received demolition permits in May 2019.
