Quote:
Originally Posted by marothisu
1) There was a permit issued yesterday to build a new 4 story, 89 unit building with 117 parking spaces at 133 S Ashland. That is the NE corner of Ashland & Adams near Skinner Park. Currently a vacant lot - the previous 2 story building was torn down in the last 2 years. Difference being that there was a surface parking lot in the previous too. Given the number of units and floors, I'd expect most of the lot to be taken up.
Looks like Michigan Avenue Real Estate Group with Jerry Reinsdorf might be behind this. If I had to guess, it's probably going to look the same as the mediocre looking 4 story residential buildings from MAREG that have gone up in the same area, such as the one at Adams & Laflin. Or perhaps one of their other buildings up the street at 21 S Ashland ( https://www.google.com/maps/place/21...3!4d-87.666314). Nonetheless, it should at least make that area a little more seamless urbanity wise.
|
Yes, this was part of the arrangement that Cedar Street brokered when they bought the YMCA property (almost a full block). Cedar Street specializes in dense rentals aimed at highly mobile young people - I almost said Millennials but I guess it's starting to be Zoomers now as well. Anyway, the community did not want Cedar Street's density levels across the entire site and wanted some owner-occupied housing as well, so Cedar Street broke off a chunk and sold it to MAREG.
MAREG's buildings are boring but they work fine on a quiet residential block like Laflin. On Ashland they are utterly wrong - their existing building has residential terraces at grade, facing two of the busiest streets in the city. Miserable, awful design, just asking for no privacy and burglaries. They need to either do mixed-use with retail, or sink the 1st floor a few feet below grade like all-residential buildings used to do and put parking/storage there.