Alderman Vasquez approves development at 1948 W. Peterson

40th Ward Alderman Vasquez has announced his support for a proposed residential development at 1948 W. Peterson in West Ridge. Planned by Bob Loquercio, the project site is a vacant lot located at the northeast corner of W. Peterson Ave and N. Winchester Ave. 

When the proposal was first shared publicly, the developer put forth an eight-story proposal but was also considering a five-story plan. Neighbor feedback on the rezoning was extremely positive according to the alderman’s statement and showed a strong majority in favor of the five-story proposal. Due to rising construction costs, the developer also shared a preference for the five-story proposal.

With Axios Architects and Consultants leading the design, the five-story scheme will have 56 residential units instead of 87 and that will include a total of 12 affordable units instead of 17 that were proposed in the eight-story plan. 

The building’s design has also been revised as the dark brick is replaced with more typical red brick and the hanging metal balconies have been revised to be wrapped with brick and supported by large brick piers.

To allow for the project, the developer is seeking to rezone the site from C2-2 to B2-5. With aldermanic approval secured, the proposal can proceed to get final approvals from the Committee on Zoning and City Council.