A new proposal for Centrum 606, a mixed-use apartment tower that would be located at a main access point for the forthcoming elevated trail, was rejected by the Wicker Park Committee's preservation and development subcommittee earlier this week, according to DNAinfo. Floated by Centrum Partners LLC, the proposed 100-unit project at 1759-67 North Milwaukee Avenue, which included an Aldi, restaurant and ADA-compliant rest area adjacent to the 606, was criticized for lacking substantial affordable housing. Since the developer's plans include only three units of affordable housing, below the standard 10 percent required for a project of this size, they had planned to pay a penalty and contribute to the general affordable housing fund. The decision puts a damper on development at that corner of Leavitt and Milwaukee, where the construction of a medical center operated by Northwestern and the exposure associated with 606 traffic suggest it'll be a much more bustling site by the end of the year.
The proposal for the six story building, which also included 62 underground parking spots for residences, was already an compromise after Centrum's last plan for a seven-story, 128-unit project was rejected. The committee says they'll accept an 80-unit, five-story structure, with four units of affordable housing, but according to a developer quoted in the story, it's "not economically feasible" to include the affordable housing on site. This Saturday, the Bucktown Community Organization's planning and zoning committee will vote on the proposal during a morning meeting at the Map Room.
·Bloomingdale Trail Apartment Plan Shrinks, But Some Locals Still Skeptical [DNAinfo]
·Previous Bucktown coverage [Curbed Chicago]
·Mapping the development boom along Milwaukee Avenue [Curbed Chicago]