2550 S Wabash (~26th and Wabash) - just south of the 55 - got a building permit on Friday to convert to 36 units and retail. It used to be the warehouse and for Kissel Motor Car. Supposed to be luxury and all duplexes. According
this article from October 2015, the units will average 1600 sq ft and cost $2300-$2600/mo. Apparently this project was planned during around 2006-2007 but stalled due to obvious reasons.