The historic 16-story Shoreline Condominium building overlooking the southern edge of Jackson Park may be the next Windy City property to see a shift from condos to apartments as developers continue to ride Chicago’s lucrative rental wave. The proposed $15 million renovation would not only see units converted to apartments, but would also restore the dilapidated property back to its former glory.
Designed by architect Henry K. Holsman in 1928, the neo-gothic building at 2231 E 67th Street was originally a residential cooperative before later becoming condominiums. Last year, the neglected property slipped into receivership amidst numerous building violations before it was purchased by Indiana-based Zidan Management Group. The firm bought-out the last remaining residents in February.
Earlier this week, of representative from Zidan, Ayman Assaf, presented the company’s vision for the historic property to community members — or at least part of the plan. Assaf was in the middle of his pitch when the meeting suddenly hit its "hard stop" time and the lights were promptly shut off, according to DNAinfo. After his presentation was unexpectedly cut short, Assaf did confirm to reporter Sam Cholke that Zidan Management is indeed looking to turn the property into between 100 and 115 apartment units "averaging about 850 square feet."
The developer hopes to present a more detailed version of the plan to South Shore neighbors at the next 5th Ward meeting, scheduled for 6:00 PM on May 24 at Paul Revere Elementary School located at 1010 E. 72nd Street — provided the lights stay switched on this time.
- Long-Neglected Shoreline Apartments Could Get $15 Million Overhaul [DNAinfo]
- Previous South Shore Coverage [Curbed Chicago]