A long-discussed apartment development is finally ready to break ground in Chicago’s East Lakeview neighborhood. The upcoming project at 450-454 W. Belmont Avenue landed its full construction permit late last week.
Situated just steps from Belmont Harbor and Chicago’s popular Lakefront Trail, the new building will bring dozens of rental units to an apartment hungry neighborhood where demand has steadily outpaced supply.
While places like the South Loop and River North boom, Lakeview is only expected to account for four to five percent of the Chicago’s total rental deliveries over this year and next, according to a 2017 study by KIG.
Both the size and appearance of the 450 W. Belmont have changed since its 2015 public debut. The floor count has increased from 17 to 18 stories while the number of residences has dropped from 95 to 80 units. Meanwhile the initial parking count of 52 was reduced to 48 spaces, located across levels one through three.
The updated exterior design from developer CA Residential and Chicago-based architecture firm Antunovich Associates ditches the majority of metal panels for a more uniform, glassy appearance. It replaces a pair of old brick low-rise residential buildings which were issued demolition permits in April.
- New construction permit at 450 W. Belmont Avenue [Chicago Cityscape]
- Developer Proposes 17-Story Residential Tower for Belmont Ave [Curbed Chicago]
- Chicago construction news [Curbed Chicago]