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50-unit Old Town TOD heads to city zoning board with new developer

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The Wells Street project would replace several old buildings including the former Bistrot Margot space

Image courtesy of NORR

While early reports of New York-based Jenel Management’s plan to redevelop a stretch of older buildings at 1435-1443 N. Wells were revealed last spring, the transit-oriented Old Town project appears to be moving forward with a new developer at the helm. The proposal is featured on the March agenda of the Chicago Zoning Board of Appeals (ZBA) with Chicago-based LG Development now listed as the project’s applicant.

The local developer will seek variances to reduce the proposed 50-unit building’s minimum rear setback and to eliminate a city requirement for a loading space. The Zoning Board will also vote on a special use permit designed to slash the number of off-street parking spaces down to just fifteen.

While a previous rendering provided by NORR Architects showed a six-story building that conforms with the development’s most recent description, it’s certainly possible that the design has evolved since last summer. The project is currently absent from LG Development’s website.

These Old Town buildings would be demolished under the plan.
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