Chicago’s Old Town is preparing to become a little less old as the demolition of a three-story building at the southwest corner of North Avenue and Wieland Street has been OK’d by the city of Chicago. Previously the home of Tipre Hardware store and 24 apartments, the structures spanning 227 to 233 W. North are coming down to make way for a new six-story, mixed-use development from JAB Real Estate.
Costing an estimated $16 million, the new brick and limestone-clad structure was designed by Chicago-based Space Architects + Planners. When completed, the building will deliver 60 rental units, 20 parking stalls, and roughly 2,000 square feet of retail space to the rapidly-transforming north side neighborhood.
The JAB project isn’t the only new development headed to this particular stretch of North Avenue near Chicago’s famed Second City improv theatre. A similarly-sized 69-unit apartment building from Sedgwick Properties is already under construction at 437 W. North, replacing a long-existing surface parking lot.
- Demolition permit at 227 W. North Ave [Chicago Cityscape]
- Old Town Heats Up with Three More Projects on the Way [Curbed Chicago]
- Previous Old Town coverage [Curbed Chicago]