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  #47221  
Old Posted Jun 10, 2020, 2:26 PM
Handro Handro is offline
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A permit for a 5-story, 8-unit residential building at 550 N Ogden was issued yesterday. A lot of long overdue development near the Chicago blue line stop these days.

Currently: https://www.google.com/maps/place/55...!4d-87.6583407
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  #47222  
Old Posted Jun 10, 2020, 3:12 PM
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Originally Posted by Handro View Post
A permit for a 5-story, 8-unit residential building at 550 N Ogden was issued yesterday. A lot of long overdue development near the Chicago blue line stop these days.

Currently: https://www.google.com/maps/place/55...!4d-87.6583407
Awesome, I used to drive down that stretch of Ogden every day for a number of years.

Any info/renders on the design?
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  #47223  
Old Posted Jun 10, 2020, 4:55 PM
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Originally Posted by sentinel View Post
Awesome, I used to drive down that stretch of Ogden every day for a number of years.

Any info/renders on the design?
Unfortunately, no. Just saw the permit was issued on the chicago building permits database. Here's what it says:

"ERECT NEW 5 STORY, TYPE IIIA, 8DU APARTMENT BUILDING WITH GROUND FLOOR GARAGE AS PER PLANS *STRUCTURAL PEER REVIEW* 2019 BUILDING CODE **CERTIFIED PLANS CORRECTIONS: CONDITIONAL PERMIT SUBJECT TO FIELD INSPECTIONS **"
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  #47224  
Old Posted Jun 11, 2020, 2:03 PM
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Per Ryan Ori - Chicago Tribune

While most real estate projects are on hold because of the coronavirus pandemic, a New York firm is breaking ground on a 42-unit luxury condominium building on Chicago’s Near West Side.

The timing is curious because the developer behind the $34 million building at 1400 W. Monroe St., JK Equities, has halted work on a much larger Chicago project because of COVID-19 safety concerns.

JK Equities and its partners on the 1000M condo project, a 74-story skyscraper designed by Helmut Jahn, last week said they stopped work at the South Michigan Avenue site after completing the first phase of foundation work. The venture, which also includes Time Equities and Oak Capitals, said construction would resume when it is deemed safe. On Wednesday, JK Equities co-founder and principal Jerry Karlik said work on 1000M could resume within a couple of weeks.

The smaller scale of 1400 W. Monroe makes it less of a financial risk to start construction, and JK Equities said the simpler foundation needed to support a seven-story building makes it possible to maintain proper distancing during construction work.

Karlik said he believes the project is the first Chicago development to launch during the pandemic. "That’s a testament to the location and that particular condo market,” he said.

JK Equities on June 5 secured a $25.5 million construction loan from Lakeside Bank, as well as $2.8 million in mezzanine financing from Century Realty, Karlik said.

Initial work began this week to relocate utilities and excavate the site to ready it for caissons.

There are purchase contracts for more than 40% of the units, including five commitments made in recent weeks when virtual tours have replaced visits to the nearby sales center, Karlik said. Asking prices for the two- and three-bedroom units range from about $760,000 to $1.39 million.

Sales are led by ON Collaborative.

Although it’s a luxury development, it fills an unmet niche in the area, which has significantly higher-priced condos and waves of new apartments, said Karlik’s son and the firm’s other founder and principal, Jordan Karlik.

“We thought there was a need in the market for more entry-level condominiums,” Jordan Karlik said. “There are a lot of young adults and young families who want to be in the area.”

Residents are expected to move in by late summer 2021.

https://www.chicagotribune.com/colum...upa-story.html
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  #47225  
Old Posted Jun 12, 2020, 2:33 AM
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  #47226  
Old Posted Jun 12, 2020, 12:47 PM
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The former Wal Mart Express at 225 W Chicago Ave (Chicago & Franklin) got a demo permit issued the other day. Replacement to be a 9 story office building with ground floor retail:

Image source: https://rnrachicago.org/new-river-no...anklin-street/



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  #47227  
Old Posted Jun 12, 2020, 2:31 PM
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Quote:
Originally Posted by marothisu View Post
The former Wal Mart Express at 225 W Chicago Ave (Chicago & Franklin) got a demo permit issued the other day. Replacement to be a 9 story office building with ground floor retail:

Image source: https://rnrachicago.org/new-river-no...anklin-street/



Can't wait for this one; sometimes a random infill just really scratches a long held itch. Chicago Ave should really be a dense urban streetscape, it's finally filling out from the lake westward... really all the way to the kennedy.
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  #47228  
Old Posted Jun 12, 2020, 4:28 PM
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Can't wait for this one; sometimes a random infill just really scratches a long held itch. Chicago Ave should really be a dense urban streetscape, it's finally filling out from the lake westward... really all the way to the kennedy.
Moody and Cabrini are/were major hurdles. Hopefully the gas stations and self storage west of Wells don't last much longer.
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  #47229  
Old Posted Jun 12, 2020, 5:37 PM
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Yeah yesterday there were already crews setting up scaffolding around the Wal Mart Express.
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  #47230  
Old Posted Jun 12, 2020, 6:31 PM
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Uptown projects

Broadway and Wilson - redesign


835 W Wilson - 73 units, all affordable senior rentals
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  #47231  
Old Posted Jun 14, 2020, 12:49 AM
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  #47232  
Old Posted Jun 14, 2020, 8:08 PM
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176 N Wabash

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Last edited by harryc; Jun 15, 2020 at 1:28 PM.
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  #47233  
Old Posted Jun 15, 2020, 5:26 AM
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Roots printer row, from earlier today:

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  #47234  
Old Posted Jun 15, 2020, 1:11 PM
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june 6


*176 n wabash
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  #47235  
Old Posted Jun 15, 2020, 1:28 PM
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*176 n wabash
ty
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  #47236  
Old Posted Jun 15, 2020, 1:56 PM
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^^That thing shot up like a SpaceX rocket!
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  #47237  
Old Posted Jun 17, 2020, 1:34 AM
Darude_Sandstorm Darude_Sandstorm is offline
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Originally Posted by SIGSEGV View Post
Roots printer row, from earlier today:

such a missed opportunity with the rooftop, pisses me off
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  #47238  
Old Posted Jun 17, 2020, 2:50 AM
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1122 W Chicago

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  #47239  
Old Posted Jun 17, 2020, 3:28 AM
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such a missed opportunity with the rooftop, pisses me off
That retractable roof is seeming pretty farsighted to them right about now, though.
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  #47240  
Old Posted Jun 17, 2020, 3:31 AM
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230 N May

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