Residential Proposal For 4531 N. Clark Revealed

4531 N. Clark proposal from Platinum Homes (360 Design Studio)

A demolition permit in May tipped us off that something was happening, but Ald. Clay's mostly dormant development page was just updated with a pleasant surprise - a proposal from Platinum Homes (the developer of the recently completed 4713 N. Clark).  

The site spans two one story buildings (4525 -4531 N. Clark) that have been for sale on and off for over five years. Only one of the buildings is in use. 

Platinum Homes is proposing 9 for-sale condo units all of which would be 3 bedroom. 

The building would have two retail storefronts as well as 10 parking spaces. 13 spaces for bicycles are planned as well. 

Interesting to note that the existing zoning allows for 8 units and a building of the same height, but the proposed zoning change (from C1-2 to C1-3) would allow for one more unit, more parking spaces and more floor area. Because this building would be under 10 units, the city's affordable requirements ordinance (ARO) does not apply and the ward office cannot require them of the developer. 

Ald. Clay's office is planning an online community meeting to discuss the proposal at 6 PM on August 27. Clark Street Neighbors Association is the local block club for this proposal. 

Current view of 4531 N. Clark

In our opinion, this is a great addition to Clark. Added density, amazing proximity to transit, and the plan for 3 bedroom condos, rather than apartments, will appeal to families searching for larger units.

The Clark Street boom continues!