CHICAGO | General Developments

[Via Chicago]

Davis Theater renovation progress. Looking forward to this.

http://www.dnainfo.com/chicago/20151109/...-get-peek-at-grandeur-hidden-for-decades

[Jibba]

Originally Posted by george

11/4

Thank you, George! I was about to ask...

[intrepidDesign]

Originally Posted by ithakas

Here are renderings of the South Loop tower on Wabash just north of Roosevelt (west side - not hotel on east):

http://www.dnainfo.com/chicago/20151109/...t-latest-south-loop-tower-will-look-like

"We’re trying to meet the demands of younger people that would rather live alone and can only afford under $2,000" rent, Giles said."

Fantastic, but even that is a little high, but yeah sub 2K a month rentals are important in maintaining a diverse population downtown. I wish a developer would be bold enough to do sub 1K micro apartments further north, really mix things up.

[ithakas]

Originally Posted by intrepidDesign

"We’re trying to meet the demands of younger people that would rather live alone and can only afford under $2,000" rent, Giles said."

Fantastic, but even that is a little high, but yeah sub 2K a month rentals are important in maintaining a diverse population downtown. I wish a developer would be bold enough to do sub 1K micro apartments further north, really mix things up.

I think the LG proposal for Printers Row included micro-apartments that were significantly less than 2k, maybe $1,200?

[Ryanrule]

Originally Posted by intrepidDesign

"We’re trying to meet the demands of younger people that would rather live alone and can only afford under $2,000" rent, Giles said."

Fantastic, but even that is a little high, but yeah sub 2K a month rentals are important in maintaining a diverse population downtown. I wish a developer would be bold enough to do sub 1K micro apartments further north, really mix things up.

why do sub 1k micro apartments when you can just do sub 2k micro apartments?

[intrepidDesign]

Originally Posted by Ryanrule

why do sub 1k micro apartments when you can just do sub 2k micro apartments?

Almost everyone I know, who is single, and has a decent job, is looking to spend no more than $900 a month on rent. Is this low? Apparently it is. But they either have to get a roommate or move further out of the city to find something. I like that this developer isn't aiming for "luxury' rentals, but I think there is room for variety in our housing options, which in turn leads to a non-homogeneous variety of city dwellers, which I happen to think is important.

[spyguy]

1320 N LSD - 60 luxury apartments

Tiny rendering from DK, but doesn't look too promising

[Near North Resident]

hey spyguy have you seen any of the RFP's for cabrini?

also that 8 story building there doesn't look so hot :/

[marothisu]

Originally Posted by intrepidDesign

Almost everyone I know, who is single, and has a decent job, is looking to spend no more than $900 a month on rent. Is this low? Apparently it is. But they either have to get a roommate or move further out of the city to find something. I like that this developer isn't aiming for "luxury' rentals, but I think there is room for variety in our housing options, which in turn leads to a non-homogeneous variety of city dwellers, which I happen to think is important.

Really? That's pretty low. Of all my single friends I've helped find new places, the lowest on average is something like $1300/month and there's been many others who will go over $2000/month.

[r18tdi]

Originally Posted by spyguy

1320 N LSD - 60 luxury apartments

Tiny rendering from DK, but doesn't look too promising

michaelscottnogodplease.gif

[intrepidDesign]

Originally Posted by marothisu

Really? That's pretty low. Of all my single friends I've helped find new places, the lowest on average is something like $1300/month and there's been many others who will go over $2000/month.

Both of our examples are anecdotal and OT.

[the urban politician]

^ Well, at least it won't be a giant mansion

[Ryanrule]

Originally Posted by intrepidDesign

Almost everyone I know, who is single, and has a decent job, is looking to spend no more than $900 a month on rent. Is this low? Apparently it is. But they either have to get a roommate or move further out of the city to find something. I like that this developer isn't aiming for "luxury' rentals, but I think there is room for variety in our housing options, which in turn leads to a non-homogeneous variety of city dwellers, which I happen to think is important.

rental prices and market value are highly divorced these days.

[Randomguy34]

The scrap metal yard across the river from the A. Finkl & Sons site is shutting down and they are listing the site as "poised for redevelopment". It's a shame that more industrial sites are leaving the area, but it would be great to see a nice TOD development and it's close to the Clybourn Metra stop.

http://www.dnainfo.com/chicago/20151109/...l-plant-neighbor-shutters-after-39-years
http://www.loopnet.com/Listing/13737368/...CxtCurFLKey=PropertyRecord&PgCxtDir=Down

[Vlajos]

Originally Posted by Randomguy34

The scrap metal yard across the river from the A. Finkl & Sons site is shutting down and they are listing the site as "poised for redevelopment". It's a shame that more industrial sites are leaving the area, but it would be great to see a nice TOD development and it's close to the Clybourn Metra stop.

http://www.dnainfo.com/chicago/20151109/...l-plant-neighbor-shutters-after-39-years
http://www.loopnet.com/Listing/13737368/...CxtCurFLKey=PropertyRecord&PgCxtDir=Down

This doesn't seem like a loss really. The DNA article says that a grand total of 6 (yes SIX) people were employed at this site. The scrap metal company seems like a huge waste of land, glad to see this happen.

[Arm&Kedzie]

I thought there were zoning laws in place that stopped those industrial sites along the river from being developed?

I really hope whatever is developed on these sites keeps the industrial aesthetic and interacts with the river in a creative way.

[VKChaz]

Originally Posted by intrepidDesign

Almost everyone I know, who is single, and has a decent job, is looking to spend no more than $900 a month on rent....., but I think there is room for variety in our housing options, which in turn leads to a non-homogeneous variety of city dwellers, which I happen to think is important.

There are a fair number of units in the City for around $900, especially for someone open to micro or studio.
But if you are considering the immediate vicinity of the CBD, it is hard for me to imagine anything being constructed at that price point given its rate per square foot.

[PKDickman]

Originally Posted by Arm&Kedzie

I thought there were zoning laws in place that stopped those industrial sites along the river from being developed?

I really hope whatever is developed on these sites keeps the industrial aesthetic and interacts with the river in a creative way.

They're part of a planned manufacturing district, but that doesn't mean manufacturing only. Although it precludes residential development The M zoning still allows for a fair range of commercial and office uses.

[LouisVanDerWright]

Such a shame that the filthy, low employment, loud, dirty, dusty, mess of an industry is vacating prime riverfront property smack dab between the nicest neighborhood in the city and the hottest neighborhood int he city right around the corner from a Metra station. What a terrible terrible loss, however will we recover? First the salt pile and now this? Before you know it this area will be full of all kinds of horrible things like riverwalks, Bloomingdale Trail extensions, luxury condos, and tech offices. Chicago will never recover.


Honestly though, I like the fact that there is part of Lincoln Park where you can accidentally drive through an active scrap yard complete with magnet cranes, car crushers, and quarter mile lines of scrapadero trucks, but it makes absolutely no 🞵🞵🞵🞵🞵🞵🞵 sense. There are plenty of neighborhoods that could use the 6 jobs where this type of operation would actually make sense.

[King of Chicago]

Originally Posted by spyguy

1320 N LSD - 60 luxury apartments

Tiny rendering from DK, but doesn't look too promising

I can't really see the photo, but it looks ok to me. What exactly would you say is wrong with it?