Around Rogers Park: Three Active Apartment Construction Projects Underway in Rogers Park - Summer Update


 

Don’t look now, but there are cranes on the Rogers Park skyline and, for once, Loyola University can’t take all the credit. Not that we don’t love Loyola and appreciate their tremendous dedication to, and investment in, the neighborhood. But, after so many years of virtually no construction activity away from the Loyola campus, it is heartening to see this sudden burst of private-sector (and public-private partnership) activity.

Tawani’s building on Morse Avenue

The three primary residential project happening right now have all been discussed in previous newsletters. From south to north, these are the Concord on Sheridan, Tawani’s building on Morse Avenue, and Jay Johnson’s Elevation Lofts on Howard Street.

Of the three properties, the Tawani building is expected to open first in the spring of 2019. Construction did not begin in earnest until December 2017, but is advancing at a rapid pace. The building will be eight stories tall with five apartment floors on top of a three-level parking garage. There will be a total of 45, one and two-bedroom apartments, ranging from 620 square feet to 1,100 square feet.

Concord on Sheridan

The Concord on Sheridan property began construction a little earlier than the Tawani building (November 2017) but will not be completed until the fall or winter of 2019. The building will top out at eight stories, and contains 111 units. Of this total, 60% will be affordable and reserved for CHA tenants, and the remaining 40% will be market rate. The ground floor will contain retail space, including a 23,000 square foot flexible format Target store and 7,000 square feet for other retail tenants.

Jay Johnson’s Elevation Lofts building on Howard Street

Jay Johnson’s building will be known at the Elevation Lofts and is located at 1531 W. Howard Street. Jay and his company, Cornerstone Investment Group, is developing this site in partnership with Watermark Properties. Elevation Lofts will have 38 units of Class A rental apartments. The building will have 2,900 square feet of retail commercial space, automobile and bike parking, and storage on the first floor. The second through fifth floors will contain dwelling units in addition to a community room and fitness area. The building will offer a roof‐top deck with spectacular views of Lake Michigan and downtown Chicago. Tenants should be able to move in during the summer of 2019. Construction of the building is underway with first floor masonry now nearly complete. We will keep a close eye on the progress of this building, the first new, market-rate property to be built on Howard Street since the 415 just west of the CTA station on the Evanston side of the street. Unlike the 415 building, which was originally built as condominiums, the Elevation Lofts will be built as rental apartments.