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Old November 13th, 2005, 05:46 AM   #1
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West Ridge/Rogers Park Development News

Loyola plans upgrade in Rogers Park area
$400 million project next to campus has residences, shops and restaurants

By Thomas A. Corfman
Tribune staff reporter
Published September 17, 2005


Loyola University is seeking proposals from developers for the first phase of a planned $400 million, mixed-use commercial project next to its lakefront campus.

The project is closely tied to a deal with the Daley administration, approved this week, for a $20.4 million public subsidy for the renovation of Mundelein Center, a 14-story Art Deco tower that was once the home of the women's college of the same name.

The development, which might take eight years to complete, could revitalize a lackluster stretch of Sheridan Road near the school's namesake CTA station. It also might spark a broader real estate revival in Rogers Park, where a boom has seemingly been predicted every other year for the last several years.

"It took a really hard dive in the late 1980s and early 1990s," said Chicago residential developer Charles Huzenis, president of Jameson Realty Group. "But Rogers Park is on its way back now because everything south of there is just so expensive."

To be called Loyola Station, the proposed project would total 700,000 square feet, including as many as 400 residential units and 40,000 square feet of space for shops and restaurants. The buildings would be located on 5.4 acres of land that the university started buying up decades ago, with long-range plans for an expansion of academic facilities.

But more efficient use of school buildings has put those needs even further on the horizon, said Wayne Magdziarz, Loyola's vice president of capital planning.

The turn toward commercial development not only is part of an effort to maximize the value of the school's real estate assets but also is aimed at reinvigorating an otherwise drab strip. Prospective college students increasingly pay close attention to factors such as campus surroundings and the quality of student housing, in addition to more traditional concerns such as academics and tuition.

One goal of Loyola's development is to create a "campus town that is inviting to our neighbors, but creates a sense of place for our students," Magdziarz said.

The university would not use any of the space in the new buildings except for parking, he said. But Loyola, which is being advised by Chicago real estate firm Newcastle Ltd., is seeking to retain ownership of the development sites.

Developers would lease the land from the university under long-term agreements called ground leases. That structure could reduce the value of the developments to the university. But it gives the school, which was founded in 1870, flexibility if its real estate needs change decades from now.

In the first stage university officials are seeking proposals for a site at 6474 N. Sheridan Rd., a former Denny's restaurant that was converted into a fine arts building in the early 1980s. The parcel, nearly three-quarters of an acre, could accommodate a building of at least 95,000 square feet under current zoning.

Rogers Park has lagged behind nearby neighborhoods such as Edgewater and Uptown during the city's residential housing boom. Rogers Park's huge supply of big apartment buildings and shortage of parking spaces limit development opportunities, Huzenis said.

And retail developers typically do not step in until residential development is well under way, said John Figlioli, a principal with Garrett Realty & Development Inc., which is co-developing a $40 million residential/retail project in Edgewater.

"Gentrification occurs, the yuppies move in, and all of a sudden you have Starbucks and Trader Joe's," he said.

Loyola's project is starting up after the city agency that approves tax-increment financing deals on Tuesday OKd a key public subsidy for a planned $85 million campus renovation.

Almost three-quarters of the money would be spent renovating the so-called Skyscraper Building at 1020 W. Sheridan Rd., which the university says was built in 1929 and is badly in need of repair. Mundelein College closed in 1991 and became part of Loyola.

The TIF grant will total $46 million and be paid out over 23 years.

The subsidy was pegged to the amount of property tax revenue to be produced by the university-owned land once it is developed, Magdziarz said
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Old November 13th, 2005, 05:51 AM   #2
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Mixed-Use Project Promises to be Devon ‘Landmark’
By Mark Ruda
Last updated: August 10, 2005 08:15am

CHICAGO-Not only will a $16-million mixed-use development at Devon and Rockwell avenues give the city about 180 additional parking spaces, it also is designed to camouflage the 214-space garage incorporated in the three-story building. However, the city is subsidizing 28% of the cost of the project, giving ASAT Inc. two parcels worth $915,000 for $1, and providing up to $3.6 million in tax increment financing.


The deal, endorsed Tuesday by the community development commission, has been in the works longer than the nearly three years it has taken to decide on ASAT Inc.’s plan over two from a competing developer. “The request for proposal has been pending for almost three years, but I’ve been working on this for almost 10 years,” says 50th Ward Alderman Bernard Stone. “It’s been needed in my community for God knows how long.”


Now used for 45 metered parking spaces serving the bustling Devon Avenue retail district, the northeast corner of Devon and Rockwell avenues will get 13,000 sf of ground-floor retail space facing a public plaza, 30 condominiums on the fifth and sixth floors, and 214 parking spaces on the second, third and fourth floors, according to ASAT Inc.’s plan. In addition, Chicago architect John Hanna has incorporated a glass and tile mural on the building’s side. “We had to figure out a way to hide a parking garage,” Hanna says.


Although ASAT Inc. is setting aside six units for buyers earning the median income or less, commission member Rafael Leon suggested the developer work with the city’s department of housing to make the units affordable to households earning 80% of the median income or less.


“The purpose of the condos are to make the project functional, and quite frankly, make it work on an economic basis,” Stone says. “I happen to believe it will be an architectural landmark.”


Broadway Bank has agreed to finance the project, says Bernard Citron, an attorney for the developer. He notes the project already received a plan commission endorsement in June 2004. Although tenants have not been signed pending tax increment financing approval as well as the land sale, Citron says there has been interest in the 13,000 sf. “It’s absolutely amazing, the low amount of vacancy on that street,” Citron says.
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Old November 13th, 2005, 05:53 AM   #3
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CITY REPORT
Seniors rental set for Peterson Avenue

By Jeanette Almada
Special to the Tribune
Published September 18, 2005

A 187-unit seniors building to go up in the West Ridge neighborhood will get financial assistance from the city.

Ravenswood Partners of Illinois LP, a development entity formed by G&A Construction and Development Inc. of Chicago, will build the project on a 49,674-square-foot site at 1818 W. Peterson Ave.

G&A is under contract to buy the site from a private owner, with closing Nov. 1, according to George Ardelian, president of G&A Construction.

G&A has built several seniors projects in the area, according to a Department of Planning and Development project manager who spoke to the Chicago Community Development Commission last week.

The commission approved $5.8 million in TIF (tax increment financing) assistance for the $34 million project.

Among its completed seniors projects, G&A has built a 99-unit senior housing project at 6142 N. California Ave., a mile west of the new development site. "We completed that building two years ago, and have managed it the whole time," Ardelian said. "In all of that time there have been no vacancies and we have a waiting list of 400 people. The demand for affordable seniors housing in that area is unbelievable."

The TIF subsidy for the project will come from the Clark/Ridge Tax Increment Financing Redevelopment Project Area, the Planning Department staff told commissioners. City Council approval is still needed.

To be called G&A Senior Residence at Ravenswood, the 9-story building will have 187 rental units -- 16 studios, 155 1-bedrooms and 16 2-bedroom apartments, according to the city. The apartments range from 444 to 765 square feet and rents will range from $585 for studio apartments to $940 for the 2-bedrooms, Thomas Brantley, a G&A project manager, told commissioners.

Services offered to seniors who live in the building will include at-home health screening Brantley said.

The Chicago-based Harley Ellis architectural firm is designing the building.

The units will be leased to people who are at least 55 years old, and who earn up to 60 percent of the Chicago-area median income.

City assistance for the project is required because of the high cost of land compared to the low rents, the Planning Department staff told commissioners.

In additional to TIF assistance, the project will raise $9.7 million in equity from low-income housing tax credits that the developer will receive from the Chicago Department of Housing.
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Old November 13th, 2005, 05:54 AM   #4
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40 condos planned on Sheridan in Rogers Pk.

By Jeanette Almada
Special to the Tribune
Published July 17, 2005

A six-story building with 40 condominiums and ground-floor retail will replace a mostly vacant one-story commercial building near the Evanston border in Rogers Park.

The Chicago Plan Commission has approved Beachview Development Inc.'s project as a planned development and the demolition of the building at 7630-40 N. Sheridan Rd., to make way for the project.

Beachview Development, which consists of Chicago-based Twin Realty Group Inc., owns the development site, which is on the northwest corner of Rogers Avenue and Sheridan Road and a block west of Rogers Beach, according to Michael Land, a zoning and development staff member in the office of Ald. Joseph Moore (49th).

"We expect it will be very positive for the neighborhood, will substantially improve the area," Land said earlier this month. "We expect it to be quality housing and it will add a mix of people who can afford a $250,000-plus condo to the neighborhood, which will help to stimulate our Howard Street commercial district," Land said, adding that the developer cut the project to 6 stories from 13 as it went through community review.

"We are looking at a critical mass in this neighborhood. There is a tremendous amount of residential construction underway -- a condo conversion on the 7600 block of Greenview [Avenue], 33 townhouses going up at Howard and Ashland Avenue; condos at Howard and Clark Street and other conversions and new housing projects," Land said. "We are now getting interest from entrepreneurs who want to locate to our Howard Street commercial district."

Beachview Development will build a masonry building with 1,828 square feet of ground-floor commercial space, a Chicago Department of Planning and Development official told the Plan Commission last month. There will be two levels of underground parking working out to 1.6 spaces per residential unit.

The developer declined to comment on the project.

Residential units on the second through sixth floors will have one and two bedrooms and a range of 700 to 1,200 square feet, according the Planning Department official.

Four of the condos -- two one-bedroom units and two two-bedrooms -- will be set aside for sale as affordable, through the Chicago Department of Housing's CPAN program, the planning official told commissioners.
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Old November 13th, 2005, 06:00 AM   #5
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HOWARD STREET TO BE TRANSFORMED
BY TWO NEW HOUSING PROJECTS

Howard Street, for many years, a major commercial hub in Rogers Park, will be sporting a new look with the construction of two new housing developments slated for completion next year.

According to Mike Glasser, President of the Rogers Park Builders Group, the developments follow the official grand opening of the new $75 million Gateway shopping and transportation Centre at Howard and Clark Streets.

Scheduled to break ground in spring of 2005 is a 43-unit development, to be built by Single Site Solutions on the site of the former Lerner Newspaper building at Howard and Ashland.

According to Jennifer LaSota, President of Single Site Solutions, the development will consist of 10 condo units on Howard Street and 33 town houses on Ashland and Rogers, including four affordable units. Units are priced at $200,000 to $280,000 per condo and $300,000 to $375,000 for the townhouses.
(more)


add one—Howard

Also a first for the Rogers Park community, pending approval of various agencies, is a 40-unit development at 7640 N. Sheridan, a block north of Howard Street. According to Peter Tutera, President of Twin Realty Group, the developer, the 6-story project will include four units in the affordable range. The first floor, consisting of 2,700 square feet of space, will contain a minimart. Units will include one or two bedroom apartments and are priced to sell for $2l0,000 to $250,000 each.


###
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Old November 13th, 2005, 06:24 AM   #6
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Harbor bid scuttled as residents protest
Chicago Park District decides mid-meeting on Rogers Park issue

By Noreen S. Ahmed-Ullah
Tribune staff reporter
Published October 21, 2005


Chicago Park District officials said Thursday they were dropping proposals for a harbor in Rogers Park.

The proposed harbor, near Loyola University, was one of five sites suggested by a marina consultant hired by the Park District to find new harbor locations to meet growing demands for boat slips.

The Park District made the decision halfway through a public meeting that packed 300 people into the gymnasium of the Loyola Park fieldhouse.

"If you don't stand up and oppose this, it's going to happen," shouted Jane Alexander, 71, who has lived a block from the lake in Rogers Park for 20 years.

Residents applauded criticisms of the harbor proposal that included statements it would snarl traffic along Sheridan Road, add to a parking crunch and make it the only harbor in Chicago in which residential property would abut a marina. Several people wore stickers that had the words "Loyola Marina" with a line going through it.

The Rogers Park Community Action Network had distributed leaflets through the neighborhood in recent days, pushing for a vocal turnout.

"People here have already spoken about a marina--we don't want this kind of development on our lakefront," said Francis Tobin, interim director of the network, which started the "Save Our Lakefront" campaign that in November led voters in 10 lakefront precincts to reject any landfill north of Hollywood Avenue. "Frankly, this is insulting that they're bringing this as an idea when we've already dealt with this."

Area activists fought off earlier attempts by the Evanston City Council to build a marina at the border to Rogers Park.

They organized the November referendum when an architectural exhibit last year laid out ideas for a new lakefront in Edgewater and Rogers Park, including extending Lake Shore Drive.

Michigan-based JJR LLC had proposed new harbors, including Navy Pier North and South and the former USX site at 87th Street. It will submit a study in January focusing on a few of the proposed harbors.

Friends of the Parks officials said Thursday the USX site, the Navy Pier locations and additions to DuSable Harbor should be looked at first.

In other news, only two companies responded to the Park District's request for bids to manage the city's nine existing harbors. Some interested bidders complained the Park District did not provide information in time for them to compete.

Robert Christoph, owner of Miami-based RCI Marine Inc., said after a Sept. 7 tour of the harbors he had asked for staffing information and line item expenses at each harbor. He received answers Friday, just three working days before the deadline Wednesday. He was unable to submit a bid.

Chicago Park District spokeswoman Jessica Maxey-Faulkner said the agency "certainly attempted to answer every question."

Westrec Marina Management, which has run the harbors for 10 years, was one of the companies that submitted a bid.

The other bidder was first-timer Do Wright Marina. The local company submitted a bid to manage harbors at Jefferson Park and 59th Street
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Old November 13th, 2005, 06:53 AM   #7
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CHICAGO-A city-owned parking lot in the 6300 block of N. Western Avenue will be redeveloped with a 10,000-sf retail center with rooftop parking. The developer, 6301 N. Western LLC, has agreed to pay the city nearly $1.8 million, or $80 per sf, for the 22,122-sf site now occupied by 48 metered parking space.


The $6-million project will create 74 parking spaces, 10 of them reserved for the five tenants who will likely pay rents ranging from $25 per sf to $30 per sf. “This one is a win-win situation for my community,” says 49th Ward Alderman Bernard Stone. “It’s the beginning of additional economic development in this area, which has been underdeveloped in the past.”


Although a restaurant is among the possible tenants, the developers are looking for service-oriented businesses, said Michael Emerson of VOA Associates, architects for the project. The design includes building up to the lot lines along Western Avenue as well as Rosemont Avenue, he told the community development commission Tuesday, as well as a building with 16-foot ceilings. In addition to planting 12 trees along the 204 feet of parkway along Western Avenue, the design includes a water retention system on the environmental “green roof,” allowing rain water to be recycled.


The developer has agreed to pay the appraised value of the parking lot, says department of planning and development project manager Chris Jang. The land sale was endorsed by the community development commission.


Although the property is zoned B3-2 and C2-2, the project is much smaller than the 48,000 sf that could be built on the site
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Old November 13th, 2005, 07:02 AM   #8
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Recently Completed: Lakeview Pointe.



WestGate Crossing. 7554 N. California.




North Beach Lofts.
1225 W. Morse



West Rogers Park. Park Village Condos. 2451 W. Howard.



2310 W. Touhy.



New condo on Clark.


Last edited by LA1; July 29th, 2006 at 07:52 PM.
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Old November 13th, 2005, 07:07 AM   #9
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I don't know if this thread is appropriate for this one. But here goes:

It will located on the NE corner of Jersey/Peterson. It is about a block south of Lincoln Village.
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Old November 13th, 2005, 07:09 AM   #10
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Yea, that would be West Ridge to me. Great find.
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Old November 13th, 2005, 09:57 PM   #11
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jk
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Old November 13th, 2005, 10:29 PM   #12
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Quote:
Originally Posted by LA1
Mixed-Use Project Promises to be Devon ‘Landmark’
By Mark Ruda
Last updated: August 10, 2005 08:15am

CHICAGO-Not only will a $16-million mixed-use development at Devon and Rockwell avenues give the city about 180 additional parking spaces, it also is designed to camouflage the 214-space garage incorporated in the three-story building. However, the city is subsidizing 28% of the cost of the project, giving ASAT Inc. two parcels worth $915,000 for $1, and providing up to $3.6 million in tax increment financing.


The deal, endorsed Tuesday by the community development commission, has been in the works longer than the nearly three years it has taken to decide on ASAT Inc.’s plan over two from a competing developer. “The request for proposal has been pending for almost three years, but I’ve been working on this for almost 10 years,” says 50th Ward Alderman Bernard Stone. “It’s been needed in my community for God knows how long.”


Now used for 45 metered parking spaces serving the bustling Devon Avenue retail district, the northeast corner of Devon and Rockwell avenues will get 13,000 sf of ground-floor retail space facing a public plaza, 30 condominiums on the fifth and sixth floors, and 214 parking spaces on the second, third and fourth floors, according to ASAT Inc.’s plan. In addition, Chicago architect John Hanna has incorporated a glass and tile mural on the building’s side. “We had to figure out a way to hide a parking garage,” Hanna says.


Although ASAT Inc. is setting aside six units for buyers earning the median income or less, commission member Rafael Leon suggested the developer work with the city’s department of housing to make the units affordable to households earning 80% of the median income or less.


“The purpose of the condos are to make the project functional, and quite frankly, make it work on an economic basis,” Stone says. “I happen to believe it will be an architectural landmark.”


Broadway Bank has agreed to finance the project, says Bernard Citron, an attorney for the developer. He notes the project already received a plan commission endorsement in June 2004. Although tenants have not been signed pending tax increment financing approval as well as the land sale, Citron says there has been interest in the 13,000 sf. “It’s absolutely amazing, the low amount of vacancy on that street,” Citron says.
^Last time I was in Chicago I walked by the site and saw a rendering of this project there. It looks really nice, actually. If anyone happens to be in the area perhaps you can snap a photo
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Old November 13th, 2005, 11:13 PM   #13
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Quote:
Originally Posted by Chi_Coruscant
I don't know if this thread is appropriate for this one. But here goes:

It will located on the NE corner of Jersey/Peterson. It is about a block south of Lincoln Village.
is that were the bank was?
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Old November 13th, 2005, 11:33 PM   #14
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Great Idea for a thread.... Here's a rendering of a 5 story development in the Rogers Park neighborhood on Clark, If anyone could post the image that would be great...
http://morsehellhole.blogspot.com/20...i-theatre.html

Also there's a Target being built on the site of a former strip mall on Peterson. From what I could tell it's a major improvement. The Target faces Peterson and from the look of it all parking is indoor, or hidden from view...
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Old November 13th, 2005, 11:58 PM   #15
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Yeah, I really like these threads, LA1. (btw, what's with the name? )
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Old November 14th, 2005, 12:06 AM   #16
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Quote:
Originally Posted by wickedestcity
is that were the bank was?
Yes
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Old November 14th, 2005, 12:27 AM   #17
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Thanks. It will be a little sloppy at first, trying to look for related articles and renderings for each neighborhood, but it should be amazing and very organized later.

I was thinking of adding future hoods:

Southport/Wrigleyville
Lincoln Square
Albany Park/North Park
South Lakeview
Roscoe Village/St Bens
North Center/Irving Park
Lincoln Park
Old Town/Cabrini Green
Near South Side/IIT Campus
Hyde Park/Kenwood
South Shore/Woodlawn
Bronzeville/Oakland
Far South Side
Bridgeport/McKinley Park
West Gate
River West
Bucktown/Wicker Park
Ukranian Village/East Village
Far Northwest side
University Village/Medical Center/UIC
Pilsen/Chinatown

Downtown development can wait since it is well covered anyway.
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Old November 14th, 2005, 12:39 AM   #18
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TCITY REPORT
43 new homes planned near Gateway Plaza

Jeanette Almada
Published March 6, 2005

A 43-unit residential project is planned for former commercial space at Ashland Avenue and Howard Street on a site that includes the former Lerner Newspaper building.

Burrell Restaurant Corp.'s project is a planned development, which subjects it to city oversight on density and building height. Burrell has owned the site for years, according to Jennifer LaSota, president of Single Site Solutions Corp., Burrell's project-planning consultant.

The Plan Commission approved the project late last month. It still must be approved by City Council and that is expected by summer, LaSota said.

Single Site Construction Corp., which is also headed by LaSota, will build the project and will begin demolition of the Lerner building soon after receiving City Council approval.

The for-sale residential project is going up in a neighborhood whose housing is about 70 percent rentals, city officials told plan commissioners.

The 1.05-acre site, at 7407-63 N. Ashland, is one block east of the new 500,000-square-foot Gateway Plaza shopping center and the Chicago Transit Authority's Howard Street elevated station.

"This project has been through an extensive and exhaustive community review process. The end product shows that," Ald. Joe Moore (49th) told the Plan Commission on Feb. 24. "It has been met with overwhelming approval from the community . . . and will bring people with disposable income to Howard Street to help support [businesses] and at the same time will provide affordable housing for people who otherwise could not afford to live in the neighborhood."

The units will be built in eight masonry buildings designed by Chicago-based P.F.B. Architects.

Those buildings will consist of two styles of housing, according to LaSota.

Thirty-three of the units will go up in seven rows of three-story town homes, at the south portion of the development site.

The two- to three-bedroom townhouses will range from 1,287 to 1,484 square feet with prices from $300,000 to $425,000.

A three-story building, facing Howard, will have 10 condominiums -- two one-bedroom units and eight two-bedrooms, with 976 to 1,195 square feet of space and prices of $200,000 to $300,000.

Four of the two-bedroom condos will be sold for $155,000 through the Chicago Department of Housing's Chicago Partners in Affordable Neighborhoods program, according to LaSota.

"All of this is really quite a jolt for Howard Street and the area," Ald. Bernard Stone (50th), a plan commissioner, said at the commission meeting. He championed the project but lamented an apparent loss of the Wisdom Bridge Theatre site.

Moore stressed that Wisdom Bridge Theatre will remain on its current site, immediately east of the development site.

"When Burrell bought the development site, it also bought the Wisdom Bridge Theatre site. Our original proposal was to tear down the Lerner Building and the Wisdom Bridge Theatre [at 1565 W. Howard], which has been vacant for years," LaSota explained. In response to community pressure, Burrell agreed to sell the Wisdom Bridge site to a community group that will either restore the vacant building or tear it down and build anew, LaSota said.

The developer will begin marketing the units by September, according to LaSota. She expects construction to begin by fall.

Townhome portion of this development.



Last edited by LA1; November 14th, 2005 at 01:24 AM.
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Old November 14th, 2005, 12:42 AM   #19
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Quote:
Originally Posted by LA1
Thanks. It will be a little sloppy at first, trying to look for related articles and renderings for each neighborhood, but it should be amazing and very organized later.

I was thinking of adding future hoods:

Southport/Wrigleyville
Lincoln Square
Albany Park/North Park
South Lakeview
Roscoe Village/St Bens
North Center/Irving Park
Lincoln Park
Old Town/Cabrini Green
Near South Side/IIT Campus
Hyde Park/Kenwood
South Shore/Woodlawn
Bronzeville/Oakland
Far South Side
Bridgeport/McKinley Park
West Gate
River West
Bucktown/Wicker Park
Ukranian Village/East Village
Far Northwest side
University Village/Medical Center/UIC
Pilsen/Chinatown

Downtown development can wait since it is well covered anyway.
^Not sure if that's a good idea. Too many threads can really clutter the forums. However, lumping a few hoods together and then "sticky-ing" them would probably be a good idea
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Old November 14th, 2005, 12:47 AM   #20
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I agree, combine many of the neighborhood together, or seprate the city into like 7 parts like Downtown, NorthWest, North Central, North Lake Shore
SouthWest, Far South, Southeast+southern Lake Shore,
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