A five-story rental development with 54 apartments and 9 parking spaces is in the works for western Lakeview near the border of Roscoe Village and North Center.
Slated for the northeast corner of Addison Street and Ravenswood Avenue, the proposal would demolish a strip mall currently home to Athletico Physical Fitness and Cafe Orchid Turkish restaurant, as well as an adjacent wood frame residential two-flat.
Co-developers Macon Construction and Stocking Urban have a contract to purchase the property, which will need to be rezoned from C1-2 and RS-3 to a single B3-3 Transit-Oriented Development (TOD) designation. The plan will go before the 47th Ward Zoning Advisory Council later this month, according to the office of Ald. Matt Martin.
Designed by architecture firm Hirsch MPG, the proposed 70-foot-tall structure is clad in brick and metal panels. It features roughly 7,100 square feet of ground-floor commercial space, a rooftop deck, and interior parking for 54 bicycles.
The unit mix breakdown includes eight studios, 32 one-bedrooms, and 14 two-bedroom apartments. Rents will start at $1,500 and max out at $3,200 for the priciest units. The developers plan to locate on-site all five units of the project's 10 percent required affordable housing.
The 47th Ward Zoning Advisory Council will consider the project and advise Ald. Martin on moving forward. If given the go-ahead, the apartment development proposed for 3601 N. Ravenswood Avenue will also need the support of the city's Committee on Zoning and full City Council.