Located not far the famed Second City improv theater, a new transit-oriented development (TOD) is taking shape in Chicago’s Old Town neighborhood at the southwest corner of North Avenue and Wieland Street. After breaking ground in December, the project—which is now officially known as ‘The Northland’—has reached its full height of six stories and awaits the installation of brick and limestone exterior cladding.
The rental development comes from JAB Real Estate and the designers at Space Architects + Planners. Expected to open later this summer/early fall, the project will contain 60 residential units, 2,000 square feet of ground floor retail, a rooftop deck for tenants, and just 20 parking spaces. According to its website, monthly rents in the building start at $1700 for a small studio and around $3,000 for a larger two-bedroom corner unit.
This stretch of Old Town is seeing more attention from developers lately as a 69-unit apartment building from Sedgwick Properties is under construction at nearby 437 W. North. A little further west, the owners of the Father & Son shopping center at North and Larrabee are exploring a zoning change to redevelop their 1.7-acre property into a 14-story mixed-use complex.