Demolition permits have been granted, clearing the way for a new multifamily housing development in Edgewater.
This license is associated with Jody Libman of Trianon Development and MomentsNotice Services, Urbanize report. The development at 5745 North Broadway, which is awaiting approval, is planned for a five-story building with 42 units and retail on the ground floor.
The site, located on Chicago’s North Side, will also feature 21 parking spaces on the ground floor. Renderings have not been released since rezoning is not required, but other details include balconies and roof decks for each unit. None of these units need remain as affordable housing.
The property includes a single storey car garage and an adjacent car park. The outlet said the bridge excavation company will be responsible for the demolition work while the development team seeks to issue new construction permits. The timeline for the project is unclear.
Other notable Edgewater projects include an expensive condo conversion at 6166 North Sheridan Road. Becovic Management Group recently paid nearly $32 million for the 28-story, 154-unit Granville Tower, with plans to convert the site into rental properties. However, the deal could fall through if Bekovic is unable to secure sufficient funding.
Elsewhere on North Broadway, Bickerdike Redevelopment Corporation aims to convert the former street and Sanitation Office offices into an 11-story, 90-unit residential building, all reserved for tenants earning 60 percent of the area’s median income.
— Quinn Donoghue