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Originally Posted by left of center
Wow, yeah a very nice dense project in an area that's otherwise little more than a sea of parking. Nice design, and 72 total units is nothing to sneeze at either. The city needs to make it as easy as possible for more housing to come online. Increases density, vibrancy, population, and reduces housing costs. Multiple birds with one stone.
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Zoning is an issue sometimes, but Chicago's bigger problems are high interest rates, high construction costs and inconsistent demand. It's tough to make things pencil.
In this specific area, there was a really sleek
5-story elevator building that was approved a few years ago, but there's been no motion on it. Meanwhile this new plan on the Moses Montefiore site is already U/C before they've even torn the school down, they're building like they've got a fire under their ass. One project pencils, the other one doesn't. Not much the city can do in that situation.
I should also mention that this is really poor planning on the city's part. They approved a helipad, which is one of the few genuinely noxious uses, and now they are permitting housing around it. Really there should be a buffer of light industry/commercial, which should have been planned from the second the helipad was announced.