Residential development planned at 5451 N. Ravenswood

A residential development is being planned at 5451 N. Ravenswood. Planned by Sigma Builders Inc, the project site is located midblock between W. Catalpa Ave and W. Rascher Ave. The double-wide lot is currently vacant so no demolition will be required.

Designed by IURO & Associates, the new construction will be a four-story masonry structure that tops out at approximately 40 feet. Inside, the building will have six units across the four floors and the basement, with five of them planned to be market-rate and one set to be affordable. The units will have balconies on the front and rear elevations and there will be a six-car garage at the back of the site.

The developer is looking to rezone the site from RS-3 to a B1 designation to allow for the scope of the development. Before heading to City Hall for approvals from the Committee on Zoning and City Council, Alderman Andre Vasquez of the 40th Ward will need to approve of the project. The alderman’s office is hosting a virtual community meeting on November 28th at 6pm.