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4000-4006 N. Sheridan (Google) |
This one really came out of left field.
Neighbors near Sheridan & Irving Park tipped us off that a "Public Notice" sign has appeared in a window of the vintage building at Sheridan and Irving. Per the sign, the building, most notably home to "Holiday Club," will be replaced with a 7 story, 92 unit development with 36 parking spaces by Catapult Real Estate Solutions. Because of its proximity to the Sheridan Red Line Station and bus routes, it would qualify as a transit oriented development (TOD).
The parcel is zoned B3-5 so this is being completed "as of right," meaning no zoning change will be requested. 2 variations and special use for residences on first floor are being requested.
Without a zoning change, the city's affordable requirement ordinance will not kick in for either on or off-site affordable units.
It's still very early in the process and no rendering is available, but hopefully the street level facade could be repurposed. Here's to hoping!
We'd love to see this development across the street in the vacant lot, but Thorek Hospital has been landbanking that lot for some time now. We do love the added density so close to transit, and with the upcoming Sheridan Station rehab (fingers crossed) and the new building in progress at 4102 Sheridan, this is suddenly a hot corridor.
In a perfect world, Holiday Club could move across the street into the beautifully landmarked and vacant Egyptian building formerly home to Nick's Uptown. That building has been vacant for far too long.
Stay tuned!
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Public Notice signage at 4006 N. Sheridan |