Nearly 18 months after receiving its first construction permit, the 15-story condo development known as the Bentham is finally ready to move some dirt at northwest corner of Erie and LaSalle in River North. On Friday, crews delivered the first caisson liners that will form the upcoming building’s below-ground foundation.
Developed and designed by Sedgwick Development, the Betham calls for 31 high-end residences offered exclusively in three-bedroom floorplans. The project also includes an outdoor pool deck, a 53-spot parking podium, and a ground-floor retail space at the corner.
Condos are more 40 percent sold, according to Art Collazo with Jameson Sotheby’s International Realty. “Luckily all of the buyers really want to be in this building and have been patient,” Collazo told Curbed with regards to the slow start to construction.
The Bentham replaces the low-rise former Erie-LaSalle Body Shop structure, which was demolished in early 2017. Provided work moves forward as planned, the development should start welcoming residents to its lower floors units in about 16 months, said Collazo.