Friday, January 11, 2013
Somerset Place Moves Closer To Extreme Makeover
From Ald. Osterman's latest newsletter:
"Redevelopment of the Somerset at 5009 N. Sheridan Rd. On Wednesday evening, I hosted a community meeting to review the redevelopment of the Somerset at 5009 N. Sheridan Road. A zoning change from RS-3 to B2-5 is required for its redevelopment into 160 market rate rental units and ground floor commercial. 10% of the units will be affordable based on the City of Chicago's Affordable Rental Ordinance.
Per the 48th Ward community approval process, the developer met with my office, local block clubs and community groups over the past 6 months. A mailing was sent to registered voters within 1,000 feet of the site to invite residents to review and vote on the zoning change needed to move forward on the redevelopment.
The project will go to the Committee on Zoning this Monday, January 14 and, based on community support, I will support the zoning change from RS-3 to B2-5. I believe that this development is critical to the future revitalization of the Argyle Street area. I will work closely with the developer and his team of architects and contractors to ensure that the project goes smoothly for neighbors and the community. My office will also work closely with their team as they develop the commercial spaces.
I want to thank the over 100 people who attended Wednesday night’s meeting. When I redesigned the community process for zoning approvals, this level of local involvement is exactly what I had in mind. I appreciate the thoughtful and thorough feedback of the local residents and community groups."
You can see the conceptual plans for the new Somerset in today's newsletter.
DNAInfo also has an article about the meeting.