In Logan Square, a three-and-a-half-story condominium proposal from Palatine, Illinois-based developer P3 Properties LLC is seeking community feedback and a zoning change from Ald. Carlos Ramirez-Rosa (35th). Slated for 2414 N. Sawyer Avenue, the development would replace a vacant lot located between a similarly sized courtyard apartment building to the north and the Social Security office building fronting Fullerton to the south. It will require a zoning change from RS-3 to B2-3.
If approved, the 44-foot-tall masonry structure would provide nine for-sale units and onsite garage parking for nine cars. The proposal does not fall under the city's affordable housing rules (it contains less than 10 units), but the project's developers agreed to place one condo in the Chicago Community Land Trust to be sold at an affordable price to a qualified buyer earning up to 120 percent of the Area Median Income (AMI). The team also plans on donating $25,000 to a nearby community garden and $25,000 to local affordable housing nonprofits as part of a negotiated community benefits agreement.
Although 2414 N. Sawyer has the support of organizations such as Logan Square Preservation, Logan Square Neighborhood Association, and Somo/We Are Logan Square, it remains to be seen how it will be received by the broader Logan Square community. (an earlier version of the development with 15 units plan rejected). P3 Properties will present its current nine-unit proposal at a virtual community meeting hosted by Ald. Ramirez-Rosa on September 30. Residents can RSVP for the event on the 35th Ward website.