Chicago Real Estate Daily
by Micah Maidenberg
Two developers are teeing up a $220 million apartment-and-retail
project in Uptown, hoping to win over neighbors — and their alderman —
who opposed an earlier plan for the property just west of Lake Shore
A venture between Chicago-based JDL Development
Corp. and Norridge-based Harlem Irving Cos. wants to build a 30-story
tower with about 620 apartments at the northwest corner of Montrose and
Clarendon avenues, said JDL President James Letchinger. The developers
have also proposed a nine-story building with about 150 rentals
immediately to the north.
The project will face its first
test Wednesday night, when the developers unveil their plans for the
Maryville property, as the site is called, at a meeting hosted by Ald.
James Cappleman (46th). The meeting, scheduled to begin at 7 p.m. at the
Clarendon Park Fieldhouse, 4501 N. Clarendon Ave., is the first step in
a potentially contentious community process that could take several
months to complete.
JDL and Harlem-Irving hope to avoid
the fate of Sedgwick Properties Inc., a Chicago-based developer that
encountered heavy neighborhood opposition after rolling out a plan for a
$350 million project on the site that included 850 residences and three towers rising 20 to 45 stories.
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