We got word late yesterday that RDM Development is in the early planning stages for a mixed-use project at 1624 W Division St, a site currently occupied by a parking lot just west of MB Financial Bank. The four-story building will house 33 condos and 10,000 square feet of retail space, according to RDM President Michael Ansani. A bank and “large national chains” are likely tenants, he said.
RDM is aiming to secure a foundation permit this week, which would allow groundbreaking by the end of October, Asani said. He’s not releasing renderings just yet, but he said the architecture will be contemporary. “It’s going to be a very modern building with a lot of glass, some wood accents,” he said. “It’s going to be set back a little bit from the street.”
Most of the condos will have two or three bedrooms, and two or three baths, he said. Prices will range roughly from the $450s to $650s.
Delivery dates are hard to peg at this point, since RDM is still in the permit process, but Ansani said he’s hoping for late 2008 or early 2009.