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Old Posted Dec 2, 2020, 12:06 AM
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ardecila ardecila is offline
TL;DR
 
Join Date: Jun 2006
Location: the city o'wind
Posts: 14,666
Quote:
Originally Posted by Handro View Post
yes the permit was issued yesterday:

3154495
100898589
PERMIT - WRECKING/DEMOLITION
DEMOLITION PERMIT
11/30/2020
11/30/2020
0
1399 W LAKE ST
WRECK AND REMOVE A 4 STORY MASONRY MIXED USE BUILDING
Yeah this is out of left field. Marquette owns the building now, but it's just a single city lot. They could put up a little condo building there, but that doesn't seem any more profitable than just rehabbing the existing... and you'd need to sell condos with terrible train noise.

My guess is that Marquette is just landbanking this and they're either gonna go after the auto shop next door, or they're gonna wait out the billboard lease at Lake/Ogden and combine with that site as the original La Luce owner intended (i.e. the dog park is temporary). They are clearly laser-focused on this corner of West Loop after building one and now two more highrises within spitting distance of each other, so it would not surprise me if they're playing a long game trying to tee up tower #4.

These sites all fall within the TOD radius of the Ashland/Lake station, so in some ways this is confirmation of the success of TOD...
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