Developer L3 Capital has received permits to build its planned two-story mixed-use building at 1043 N. Rush. Located between E. Bellevue Pl and E. Cedar St, the project site is currently home to a small two-story building holding Carmine’s.
Designed by GREC Architects, the new two-story multi-tenant building planned for the site will consist of retail on the ground floor and new restaurant space on the second floor. Upon the expiration of their current lease, Carmine’s plans to relocate to the second floor of the new building which will also include a private outdoor terrace overlooking the N. Rush St corridor. The terrace will be used for white tablecloth dining to replace their current ground floor patio seating.
According to the leasing flyer, the ground floor will offer four retail spaces, measuring 2,345 square feet, 2,237 square feet, 2,097 square feet, and 1,447 square feet. The smallest space will likely be the street frontage for Carmine’s. The retail spaces will be well curated to complement the existing surrounding tenancy, specifically targeting tenants in the luxury, athleisure, and direct-to-consumer categories.
The developers received a demolition permit for the existing structure as well as a new building permit for the replacement structure. According to L3 Capital, the retail space will be available in Q1 2024. Pepper Construction Company will serve as the general contractor for the development.