Currently this is a very rundown but active surface parking lot. Looks like someone has applied to convert it to a four-story retail & residential building. While many in the neighborhood will lament the loss of parking, this lot is an eyesore- the owners never pick up trash, keep up with curbside weeds and it's a home for rats. Interested to see what will become of this lot across from the almost-finished British School.
To establish a 4 story retail/office on the ground floor and 42 dwelling units on the floors above with a rear setback reduction.We're pretty sure this is the same land that we heard was going to be developed last November. Not sure if this is the same plan or if this is a new one, but one thing is certain - this stretch on Wells is changing rapidly.
With the CMK/Lend Lease activity at Harrison/Chicago River and the Related Midwest activity just south of Roosevelt, the next 5 to 15 years should be interesting along Wells.
(Hat tip: AM!)
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