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Developers Walk Away From Diversey Condo Tower Proposal

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A plan to erect a new 17-story condo tower on Diversey Parkway has been killed, according to a press release from Alderman Michele Smith's office. Originally presented last September, developer Lexington Homes sought to demolish the Market Place grocery store at 523 W. Diversey and replace it with a glassy tower designed by Chicago's Pappageorge Haymes Partners. The plan included 78 condo units, a parking podium for 81 vehicles which would also double as a green roof deck and four single family homes next door on Hampden Court. "After several months of discussion and prolonged negotiations among my office, the Park West Community Association, local neighbors and the developer to explore potential changes," Ald. Smith states in the email to constituents, "it became clear that the current proposal could not be realistically modified to address neighborhood concerns. As a result, the proposal will not be going forward." From what it sounds like, after requests to lower the tower height and reduce unit count, the developer decided to walk away from the deal.

·Proposed Diversey Condo Tower Gets Formal Introduction [Curbed Chicago]
·New 17 Story Condo Tower Proposed for Diversey Parkway [Curbed Chicago]