A seven-story, mixed-use building is ready to begin construction next to the CTA’s Red, Brown, and Purple Line stop on Belmont Avenue in Lakeview. Developed by GW Properties and designed by NORR Architects, the freshly-permitted project at 945 W. Belmont will deliver 33 rental apartments, 4,000 square feet of ground floor retail, and zero on-site parking spaces.
In addition to an outdoor rooftop deck, the development will also feature a side patio and residential entranceway designed to respect an existing CTA easement. An existing three-story building at the site was demolished to clear a path for the upcoming structure earlier this year.
Though transit-oriented development (TOD) has really taken off further west along the CTA’s Blue Line, Lakeview is slowly seeing a handful of smaller apartment projects move forward. For example, new TOD’s have been proposed for 3122 N. Broadway, 2941 N. Clark, 3334 N. Southport, and the former home of the ‘The Alley’ at 3226 N. Clark.
According to a market report by KIG Analytics, the neighborhood’s high average income combined with its aging residential building stock has created a “perfect environment” for a high demand for new rental units.
- Building permit for 945 W. Belmont [Chicago Cityscape]
- Demolition on Belmont will clear way for new Lakeview TOD [Curbed Chicago]
- Previous Lakeview coverage [Curbed Chicago]