A long-discussed plan to redevelop a blighted parking lot in Chicago’s Jefferson Park neighborhood is finally ready to put shovels in the ground. Yesterday, the City of Chicago issued the four-story, mixed-use development at 5201 W. Lawrence Avenue a new construction permit estimated at $8.5 million.
Slated to contain roughly 10,000 square feet of commercial space, 41 interior parking spaces, and 39 rental apartments, the structure comes from developer Mega Group and Gurnee, Illinois-based design firm Archamerica, Inc. The two companies are also teaming up on a planned 16-story, 114-unit development at nearby 4849 N. Lipps Avenue.
In addition to the soon-to-rise building at Lawrence and Laramie, the developer will revamp an adjacent lot between Laramie and Avondale avenues with a new public plaza and 21 parking spaces. The Northwest Side development was first unveiled in mid 2015 and was eventually approved by the Chicago Plan Commission this past February.
- New construction permit at 4758 N. Laramie Avenue [Chicago Cityscape]
- A 'Grand Gateway' to Jefferson Park Proposed For Blighted Land [DNAinfo]
- Jefferson Park apartments approved by Chicago Plan Commission [Curbed Chicago]
- Previous Jefferson Park coverage [Curbed Chicago]