With Admiral at the Lake recently complete, another major high-rise project is in the works for Uptown. JDL Development Corp.—the developer behind 3740 N. Halsted—has teamed up with Harlem-Irving to construct two buildings at Montrose and Clarendon on a site once occupied by Maryville Academy. Last night, Curbed was in attendance at the first of what will be many community meetings held to discuss the project. JDL President James Letchinger spoke at length about the proposal, which calls for a total of 776 rental units with high-end finishes. The 625-unit south building, the taller of the pair, will rise to a height of 315 feet and contain 479 parking spaces. The north tower will be around nine stories and house 151 units and 78 parking spots.
The south tower's 87,000-square feet of commercial space will be spread out over two floors in the building's 62-foot podium, which will also accommodate three floors of parking. Boutique retailers will be located at street level, with a large, open space for a grocery store above on the second floor. Letchinger would prefer locally-based retailers. He also said he'd love to land Mariano's as the grocer, though no talks are currently underway. In addition, the buildings have been set back from Montrose and Clarendon, creating additional open space that could potentially be occupied by smaller-scale, outdoor retailers.
Some other tidbits worth passing along: Hartshorne Plunkard Architecture, which also designed 3740 N. Halsted, has been commissioned to design the project. And while no renderings were released, the developer has promised truly distinct architecture for the site. To mitigate traffic impacts, an internal driveway spanning the length of the site has been incorporated into the plans. Twenty-percent of the units will be set aside for affordable housing. Studios will be priced around $1300/month, and one-bedrooms are in the range of $1600/month. The developer will be seeking TIF funds to finance the project. Naturally. As for the timeline, it could take 18-19 months once construction begins.
One of the biggest question marks going into the meeting was how the community would respond to the project. Developer Sedgewick Properties had once proposed a three-tower scheme with 850 rental units for the Maryville site, which was ultimately canceled in the wake of vehement neighborhood opposition. But the tone at last night's meeting was decidedly different: support for the project was nearly unanimous. We'll see if it holds. See you at the next one!
·Activity Detected at Halsted & Bradley Development Site [Curbed Chicago]
·The Lighthouse at Montrose Harbor gets the ol' Heave-Ho [Curbed Chicago]