Structured Development has just received approval from the Chicago Plan Commission for a three-building addition to its $250 million Big Deahl development in Lincoln Park. The location is a 2.2 acre site at 1450 N. Dayton Street. The plan will add a public park and three residential buildings.
RE Journals states that the site is bounded by Blackhawk, Dayton and Kingsbury Streets and has a total of 487 units.
It will be developed in two phases. The first phase will include the following:
- 10-story, 126 unit market rate rental building
- 5-story, 34 unit affordable condo building
- 0.5 acre park
The second phase would include:
- 27-story, 327 unit market-rate rental tower located at the western end of the property
- Situated around a park which will be privately developed
Since the development is located within the Near North pilot zone, 20 percent of the units will be affordable housing under the city's Affordable Requirements Ordinance. 34 affordable family-sized condos on-site will be available to buyers who qualify.
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The homes will include a combination of two, three and four bedroom units and come with a deeded parking spot and must remain affordable for at least 30 years. An additional 33 affordable townhomes will be developed off-site at its Harrison Row Townhomes community which is located at 2849-59 W. Congress Parkway.
"We are grateful for the acknowledgement and approval of our plan for the Big Deahl site by the Plan Commission. While Structured always strives to produce the best projects possible, it is gratifying when our community-focused efforts are not only recognized but enthusiastically endorsed. By working collaboratively with the Department of Planning, Department of Housing and countless community stakeholders, we were abled to create a plan that will be accretive to the neighborhood, continuing its transition from a former industrial buffer zone to its present-day mix of residential and commercial uses. The community park and open space will be a galvanizing neighborhood asset in perpetuity and, together with the Wild Mile project one block to the west, will promote recreation and enhance walkability."
Founding principal of Structured Development | Mike Drew
According to an article in Block Club Chicago, the three new residential buildings will wrap around the public park area, which is planned to include an entry plaza, gardens, sculptures and movable tables with chairs. The fitness studio will sit adjacent to the east.
The Chicago Department of Planning and Development Commissioner, Maurice Cox said the project blends in well to the surrounding area.
Some neighbors aren't so sold on the plan for this development. The project is coming to a small parcel just west of Halsted Street and south of North Avenue, which has seen a number of developments in recent years. One of the concerns from the neighbors has been congestion in that area which they believe will only be exacerbated by the new 27 story tower.
DataBid is currently reporting on this project - Big Deahl Residential Development Clybourn Corridor - Chicago (0007101220)
