Quote:
Originally Posted by marothisu
1) A new 8 story, 100 foot tall, 96 unit building on the vacant land that is the SE corner of Damen & Lake. It is a modification to the existing PD and the developer is joint between Brinshore and The Michaels Development Company of Camden, NJ.
This is right at the near future site of the new Green Line stop at the same intersection.
|
Yeah this is one of the projects that won LIHTC funding a few months ago. Nice height for that location. The city is really prioritizing TODs for this funding now.
I'm excited for Related to finally fill in the SW corner of Racine/Taylor, which is also a project that won LIHTC funding... can only hope we get something this tall, but I expect it will be 3-4 stories instead.
Quote:
Originally Posted by Randomguy34
^ an interesting, but not surprising, thing I've been seeing in the zoning apps this month is fillings to convert ground floor retail in recent/new developments into housing units. It makes sense to do so given the current economy, but I wonder how likely in the future it will be to reconvert the ground floor back into retail
|
Very unlikely, we've built far too much retail space in places where it's not needed, especially in the neighborhood zoning districts. I'm honestly fine if these spaces stay residential permanently. For parts of downtown, it is actually conceivable that density could ramp up substantially and create demand for this retail space in the future... but the neighborhoods aren't getting more dense, if anything they're getting less dense with smaller household sizes and deconversions.