That big, empty medical building at Sheridan and Diversey? It’s on its way out. And something a lot taller could take its place.
Developers are pitching a 28-story Lakeview apartment tower at 2800 N. Sheridan Road, right where Lakeview meets Lincoln Park. It would replace the vacant, six-story Ida and Norman Stone Medical Building, which is already being demolished. The team expects demolition to wrap by the end of the year.
Antunovich Associates, Continuum Development and Chicago Development Partners laid out the plan at a virtual community meeting last week, according to the Chicago Sun-Times.
Here’s the rundown:
- 345 apartments, from 500-square-foot studios to 1,600-square-foot three-bedrooms
- 69 affordable units for households earning between $50,000 and $70,000 a year
- A 50,000-square-foot fitness club with a pool and a roof deck
- 10,000 square feet of additional retail space
- 275 parking spaces and 345 bike spaces
Who’s running the gym? They won’t say. The team confirmed it has secured a fitness club but declined to name it. Love a little mystery.
Now, the part everyone’s going to scroll to: rent. Studios would start at $2,700 a month. A three-bedroom could run $8,000 to $10,000. A month. Yes, really.
Hoping for a grocery store? So were the developers. They looked into one, but tight alleys and traffic made it a no-go. A boutique market concept is on the table instead.
Not everyone is sold on the size. A few neighbors asked about the height, but the developers say the Lakeview high-rise fits in with the towers around Diversey Harbor. Those include the 27-story buildings at 330 and 340 W. Diversey Parkway and the 44-story building at 2650 N. Lakeview Ave. Other neighbors praised the plan for adding more housing.
What’s next? South East Lake View Neighbors is set to vote Monday on whether to back the project. There’s no word yet on a construction start date or the total cost.
So: 28 stories. 345 apartments. One mystery gym. Keep an eye on this corner.
