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CITY REPORT
Condo high-rise for South Shore
By Jeanette Almada
Special to the Tribune
Published May 20, 2007
A 19-story condominium building with townhouses attached is planned for South Shore Drive near Jackson Park and Lake Michigan, the first new high-rise on South Shore's lakefront in decades.
Chicago-based JFJ Development Co. will build the $60 million project through South Shore View LLC.
The entity last August closed on one parcel that constitutes the larger portion of what will be an 0.82-acre site. Two institutional buildings, each two stories, are there. It is under contract to close in July on a smaller parcel, with a two-story residential building, to complete the site, according to Jon Zitzman, head of JFJ. All three buildings will be demolished, Zitzman said.
The Chicago Plan Commission approved the project in April, and it won City Council approval May 9.
On the northwest corner of East 68th Street and South Shore Drive, many units in the high-rise will have views of Lake Michigan and Jackson Park. Others will have city views.
The 19-story building will have 128 condos. Four 3-story townhouses will be attached to the tower and face South Shore Drive, said Lisa Hope Washington, the Chicago Department of Planning and Development project manager who spoke to plan commissioners.
The townhouses will have three bedrooms; the condos will be a mix of one-bedroom, 1 1/2 -bath units to three-bedroom units with dens and 3 1/2 baths. They will range from 800 to 2,000 square feet and be priced from $275,000 to $1.2 million. "We have yet to finalize prices," Zitzman said.
Chicago-based Johnson & Lee and Hartshorne + Plunkard are the architects.
The developer will begin marketing by October from a sales center to open at 71st Street and Oglesby Avenue, Zitzman said. Construction is to begin in February 2008.