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.
- Zoning Board of Appeals March Agenda [City of Chicago]
- Rendering shows six-story mixed-user replacing vintage Old Town buildings [Curbed Chicago]
- Old Town Heats Up with Three More Projects on the Way [Curbed Chicago]