Shorewood

Shorewood, IL · Real Estate
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A 28-story Lakeview apartment tower with 345 units and a 50,000-square-foot fitness club could rise at Sheridan and Diversey
That big, empty medical building at Sheridan and Diversey? It’s on its way out. And something a lot taller could take its place. Developers are pitching a 28-story Lakeview apartment tower at 2800 N. Sheridan Road , right where Lakeview meets Lincoln Park. It would replace the vacant, six-story Ida and Norman Stone Medical Building, which is already being demolished. The team expects demolition to wrap by the end of the year. Antunovich Associates , Continuum Development and Chicago Development Partners laid out the plan at a virtual community meeting last week, according to the Chicago Sun-Times . Here’s the rundown: 345 apartments , from 500-square-foot studios to 1,600-square-foot three-bedrooms 69 affordable units for households earning between $50,000 and $70,000 a year A 50,000-square-foot fitness club with a pool and a roof deck 10,000 square feet of additional retail space 275 parking spaces and 345 bike spaces Who’s running the gym? They won’t say. The team confirmed it has secured a fitness club but declined to name it. Love a little mystery. Now, the part everyone’s going to scroll to: rent. Studios would start at $2,700 a month . A three-bedroom could run $8,000 to $10,000 . A month. Yes,
chicagoconstructionnews.com
Venture One plans 719,200-sq.-ft. industrial development in Geneva
Venture One Real Estate, in partnership with BGO, plans to begin construction on a 719,200-square-foot industrial facility in Geneva, Ill. Venture Park Geneva will be built on approximately 54 acres at the northeast corner of Kirk Road and Fabyan Parkway in the Fox Valley industrial market. The speculative Class A...