Structural work has now passed the ninth floor for the 41-story residential tower known as The Reed, located directly north of River City Apartments in South Loop. Under the address 234 W Polk Street, this new high rise is part of a large master plan known as Southbank. With Lendlease as the developer, this scheme includes the completed development “The Cooper” adjacently west, alongside a host of new public park spaces. Future plans include a pair of towers roughly the same height as The Reed, connected by a podium at their base.
New details have been revealed on the sale and renovation of an affordable housing project at 6430 S Stony Island Drive in Woodlawn. Located just north of the intersection with E 65th Street, the 1969-built structure was recently purchased by the Preservation Of Affordable Housing (POAH) for over $29 million from PNC Bank who has owned the property since 2015. The renovation gives residents a sigh of relief as the area directly across the street from the future Obama Presidential Center grapples with rising cost.
A permit was issued last week for the interior renovation of a suite within “The Franklin,” located at 227 W Monroe Street in The Loop. This particular permit was issued for office suite 3550 and work will include interior partitions, as well as electrical, mechanical, and plumbing needs. The permit owner is listed as 227 Monroe Street LLC, and the description indicates that no structural work will be performed. There will not be a change of use for business.
Brick cladding can be seen for Sterling Bay’s 345 N Morgan Street, an 11-story mixed-use development in Fulton Market. This 200,000-square-foot edifice will house a mix of ground-level retail and offices above. Prior to construction, the site was occupied by a low-rise masonry building. The replacing structure will measure 178 feet in height despite the relatively low floor count.
The Community Development Commission has approved the land sale and Tax Increment Financing (TIF) funds for the affordable mixed-use development at 201 S Kedzie Avenue in East Garfield Park. Going by the name ‘Garfield Green’, the two-site project located on the intersection with S Fifth Avenue recently received approval from both the plan commission and city council. Developer Preservation of Affordable Housing won the C40 Reinventing Cities competition in 2018 with structures designed by Perkins + Will and Nia Architects