The forthcoming residential development at 4701 N. Clark in Uptown marks a significant shift in the area’s landscape, replacing a former Byline Bank branch with a thoughtfully designed residential structure. Spearheaded by Platinum Homes Development, this project showcases meticulous planning and a commitment to urban design, offering insights into the construction process and worker interests.
Building Type: Five-story L-shaped residential structure.
Height: Topping out at 77 feet.
Materials:
Exterior cladding in dark red brick.
Black metal-framed windows.
Stone detailing for additional visual appeal.
Unit Count: 36 apartments, all two-bedroom layouts.
Balcony Design:
Inset balconies along street-facing facades.
Hanging balconies at the rear of the building.
Parking:
18 car parking spaces on the ground floor.
A dedicated bike room with 39 bicycle parking spots along W. Leland Ave.
Ground Floor Features:
Office space at the corner of W. Leland Ave and N. Clark St.
Residential lobby at the northern end of the N. Clark St frontage.
Amenity room along the Clark St frontage.
Affordable Housing: Seven units (20%) designated as affordable, with some potentially built off-site.
Structural Shape: L-shaped footprint as per designs and permits.
Cost: Estimated construction cost of $4.6 million.
General Contractor: Platinum Homes Development (also the developer).
Current Site Status:
Excavator on-site and slabs of asphalt from the previous parking lot remain.
Foundation work expected to commence soon.
Urbanize Chicago reports that the demolition of the old Byline Bank drive-through structure set the stage for a new chapter at this site. The single-story masonry building was cleared in January 2023 after receiving demolition approval in February 2022. Now, with a full building permit in hand as of January 6, 2025, Platinum Homes is ready to bring this vision to life. The development, projected to deliver by Spring 2026, represents an ambitious $4.6 million investment.
Designed by 360 Design Studio, the building’s architecture integrates modernity with classic elements to blend seamlessly into the neighborhood’s character. These choices not only reflect a contemporary aesthetic but also ensure durability and low maintenance, considerations critical to construction professionals and long-term property management.
The inclusion of a large bicycle storage room signals a commitment to environmentally conscious design, an area of growing importance in the construction field. Workers involved in this project will be engaged in creating spaces that prioritize long-term sustainability, from energy-efficient windows to environmentally friendly construction practices.
Beyond the building’s physical footprint, its impact on the Uptown community is significant. By replacing a vacant bank structure with a vibrant residential development, this project revitalizes the intersection of Clark Street and Leland Avenue. The inclusion of affordable units and ample bike parking also aligns with Uptown’s ethos of inclusivity and sustainability.
The 4701 N. Clark development by Platinum Homes Development is a testament to the evolving urban landscape in Uptown. With its focus on high-quality materials, thoughtful design, and sustainable practices, this project is poised to set a new standard in residential construction. For workers in the construction field, it presents an opportunity to contribute to a landmark development that balances modern living with community values, ensuring both professional pride and broader neighborhood benefits.
DataBid is currently reporting on this project - 4701 N Clark Street Residential Development Uptown - Chicago (0031051922)