Mixed-use Shops and Lofts in Grand Boulevard to feature 140 new apartments

Shops and Lofts at 47, Grand Boulevard, Chicago

Way back in April 2007, we caught wind of a proposed development in Grand Boulevard called the Shops and Lofts at 47. The mixed-use project at 47th Street and Cottage Grove Avenue was to have 167 condos, 45,000 square feet of retail space, and 15,000 square feet of office space. It never moved forward, but apparently its developer, Mahogany Ventures, and the Quad Communities Development Corporation never gave up on the idea.

LISC/Chicago’s New Communities Program reports that the project should break ground later this year or in 2011 with one significant change in place — instead of condos, it will feature apartments. According to LISC’s article, the project’s first phase will have 70 residential units and about 28,000 square feet of retail, while a second phase will have another 70 units and 20,000 square feet of retail. A parking level on the second floor of each building will buffer the ground-level retail from the upper-level residences.

COMMENTS

WORDPRESS: 5
  • the urban politician 8 years

    Good to see this moving forward. I just wonder who will occupy the “rentals”. Displaced CHA residents?

  • Sheridan B 8 years

    Good, this corner needed something. The intersections here all have empty corners which need filling with projects like this – the scale is good for the area I think.

  • daveydoo 8 years

    See that Joe Z.?! Ye have little faith! đŸ™‚

    (Referencing your first comment on this thread):

    http://yochicago.com/construction-compilation-reviewing-the-newest-proposals-from-around-chicago/13642/

  • daveydoo

    a) This is a different project than the one you link to.

    b) The “should break ground later this year or in 2011” phrase indicates this project is still highlly uncertain.

  • Mia88 4 years

    They broke ground and the place is halfway up after only 4 months of breaking ground. These places are built up so fast but they are sturdy. I hope and pray CHA actually rent these units out to low income people. We have enough market rate rentals here in this expensive city we call Chicago.