Nov
26

New apartments in Chicago Coming to Uptown

November 26, 2012

new apartments uptown chicagoSeveral Chicago-area development firms are planning a $220 million apartment and retail project in the Uptown neighborhood. JDL Development Corp, Saxony Capital LLC and Harlem Irving Cos. are planning to build a 30-story tower at the northwest corner of Montrose and Clarendon avenues. The tower will house around 620 apartments.

The developers are also working on a proposal for a nine-story building with 150 units that will be located just north of the Montrose and Clarendon site.

Many local residents are concerned about how an apartment building of this size will affect the local traffic flow. However, the president of JDL, James Letchinger, is confident that building parking structures that include vehicle loading aisles will prevent traffic jams.

The Montrose and Clarendon tower will include 12,000 square feet of retail space, 60,000 square feet of second-floor space and room for 557 parking spaces. While the retailers have yet to be determined, JDL is hoping to lease some of the space to a major grocer.

Earlier this year, JDL Development Corp. and Harlem Irving Cos collaborated on an apartment building located at Bradley Place and Halsted Street, which contains 269 apartments and 11,000 square feet of retail space.

What do you think of the new apartments in Chicago?

About The Author

Jessica Thom

Read All Stories By Jessica Thom

Visit my Google+ profile.

Leave a Comment

Copyright © 2008-2017 mRELEVANCE, LLC | Chicago Real Estate News | Chicagoland Real Estate Forum. All rights reserved. Thank you for visiting Chicago Real Estate News Chicagoland Real Estate Forum, Real Estate Listings and Information Provided by MLC Realty, Inc.
Internet Marketing by Marketing RELEVANCE

Equal Housing Opportunity

1819 W Grand Ave | Chicago, IL 60622