http://www.chicagobusiness.com/reale...s-in-west-town
October 12, 2017
Cedar Street plans 288 apartments in West Town
Cedar Street is redeveloping the former Salvation Army Freedom Center site in West Town into 288 apartment units.
A Chicago developer has unveiled some details of its plan to turn a former Salvation Army housing facility in West Town into a mixed-use apartment and retail complex.
Cedar Street plans to renovate an existing five-story building into 288 residential units and ground-floor retail, according to a zoning application submitted yesterday. The 3.1-acre site is on more than half a city block along Monroe Street between Ashland Avenue and Laflin Street.
Cedar Street, which bought the land in 2015 after the Salvation Army moved its facility to Humboldt Park, will maintain much of the historic buildings' brick facade, according to schematics filed in the application.
The proposal would likely aim to take advantage of new developments creeping west from the trendy West Loop neighborhood. Though the Salvation Army site is slightly off the beaten path, its surrounding "The structure has a lot of the original character in place. There's a heavy intent to preserve a lot of that," Heffron said. "We're not trying to be luxury here, we're trying to provide a product that a lot of people can afford and will be great for the community."neighborhood is poised to see an influx of residents as companies start to populate a flurry of office buildings that have opened or are planned nearby.
The Fulton Market District submarket alone is on track to add more than 20,000 jobs, 800 hotel rooms and 3,500 apartment units over the next 24 months, according to real estate brokerage CBRE.
Some elements of the Cedar Street plan remain under wraps as the developer shares its vision with local residents at a series of community meetings over the next month, Managing Partner Mark Heffron said.
But the design will try to incorporate the history of the property, which was originally a YMCA, and will include retailers that "complement the area and building," he said, such as coffee or bike shops.
...