Mixed-use development proposed at 2800 N. Sheridan

A mixed-use development is being proposed at 2800 N. Sheridan. Planned by Chicago Development Partners and Continuum Capital, the project site is located at the northwest corner of W. Diversey Pkwy and N. Sheridan Rd. The site includes the vacant medical building at the northwest corner of Sheridan and Diversey as well as the adjacent parking lot to the north.

Designed by Antunovich Associates, the 24-story mixed-use building would have 303 residential units, 10,559 square feet of retail space, 150 parking spaces, and 414 bike parking spaces. To meet the 20% affordable requirements, 60 of the units would be set aside as affordable.

The project’s design sites the 281-foot-tall tower on the southern parcel on a two-story podium that connects to a two-story parking garage on the northern parcel of the project site. The two-story podium will be designed in dark masonry with storefront glazing and metal paneling. Rising above, the tower massing has been designed as three connected volumes that stagger in plan to angle the long facade of the building to face southeast towards Lincoln Park and Lake Michigan. Resident balconies are placed into the corners created where the staggered volumes connect. 

The building’s ground floor will have 10,559 square feet of retail space facing W. Diversey Pkwy and wrapping the corner onto N. Sheridan Rd. The residential lobby with mail room and leasing offices fronts N. Sheridan Rd. Mechanical space and the loading dock occupy the rest of the ground floor. Parking and bike parking will be located in the two-story parking garage on the northern parcel. 

On the second floor, 8,700 square feet of amenity space will face south and east with an outdoor terrace facing south towards Lincoln Park. The back of the second floor will have four residential units facing north. 

Above, the third floor will be the first typical residential floor with 15 units per floor, and typical floors will continue up through the 20th floor. Floors 21-23 will have larger units, with only nine units per floor. In total, the 303 residential units will include 54 studios, 36 convertibles, 109 one-beds, 45 one-bed plus dens, 47 two-beds, and 12 three-beds. 

The building will be topped out with the 24th floor, which will be a full amenity floor. There will be 5,200 square feet of indoor amenities in addition to a large outdoor roof deck with a pool. 

To allow for the scope of the project, the developers are seeking to rezone the site to B3-5. The site is currently part of a Planned Development and will likely need its own new Planned Development or amend the existing one to move forward. Approvals will be needed from the Chicago Plan Commission, Committee on Zoning, and City Council.