Saturday, February 16, 2019

Development News In The 48th Ward

From Ald. Osterman's latest weekly newsletter:

"If you traveled along Broadway near Argyle this week, you may have noticed a giant crane dropping the HVAC system at 5050 N. Broadway.  This building is the first phase in what will ultimately be a 700-unit residential development by Cedar St., and will include 15% affordable units on site.  This project will bring new residents to our community who will enjoy and support the vibrant Argyle business district, and will enjoy TimeLine Theatre, who is moving their headquarters to 5033-35 N. Broadway, across the street.

Cedar St. is putting the finishing touches on another nearby residential project at the former Agudas Achim Synaogue at 5029 N. Kenmore. This project includes 40 residential units, with 10% affordable units on site. The project is a renovation of a beautiful building in our community.  There will be a grand opening celebration for the community in the coming weeks,  I will share more information as it is available."

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