Few Chicago neighborhoods have experienced a more dramatic change during the city's multiyear apartment boom than River West. Four recent developments—Spoke, Linkt, Avenir, and Westerly—have brought 800 units to the area, and an upcoming project known as Nevele22 will soon add nearly 100 more.
Under construction since last spring, the Nevele22 development tops out at seven stories on the northwest corner of Milwaukee and Chicago avenues. Developed by Lipe Property Company and designed by Pappageorge Haymes Partners, the wedge-shaped building will contain 97 apartments atop roughly 6,000 square feet of new retail space.
The River West project is located along Milwaukee Avenue's so-called "Hipster Highway" bike lanes and is steps from the CTA's Chicago Avenue Blue Line stop. Classified as a transit-oriented development (TOD), Nevele22 will provide on-site parking for 39 vehicles.
Zoning for the estimated $18 million project was approved in early 2018. Since the site is located in the city's Near North ARO Pilot zone, the city's affordable housing requirements jumped from 10 to 20 percent. The development will contain all of the affordable units on-site, according to its zoning application.
Nevele22 aims to welcome its first residents later this spring. Meanwhile, workers continue the installation of the building's exterior cladding (no, it wasn't going to stay covered yellow panels forever).