Condo tower planned for 2950 N Sheridan in Lake View
Posted 2/20/2008 by Patrick RollensAccording to an article in Crain's, Forman Realty Corp is planning a 19-story condo tower in Lake View, about half a mile north of the Lincoln Park 2520 site. The developer is a subsidiary of Wirtz Corp, which owns the Chicago Blackhawks and a sizable liquor distribution operation in Illinois.
Though many developers are holding off on new projects amid a depressed condo market, Forman vice president Arnie Piechocki believes prospects are good for his tower and plans to begin marketing its condos as soon as this summer.
“There hasn’t been anything new on Sheridan Road for 30 years or so,” he says. Moreover, “it’s only 79 units. It’s not like we’re building 400 condos that will be hard to sell.”
Comments
2/20/08
Sheridan B. said:
I think you guys mean a half mile NORTH of the 2529 project?
Patrick Rollens said:
Right!
Valerie said:
Is this going up on the empty lot right there?
Urban Chicago said:
2950 is the empty lot on the west side of the street, just south of the 2970 apartment building which Wirtz owns.
I lived at 2970 for a couple years back in the early 2000s… Back then, the empty lot in question was fenced off and only used for parking for the maintenance staff at 2970. Yes, 4 cars max at a time. Talk about under-utilization!
Anyway, the Crain's article mentions 192 parking spaces. That alone makes me think it will get built. Neither of the two Wirtz buildings nearby have parking…
Lake View Resident said:
Does it really make sense to put in 192 parking spaces in an area well-served by public transportation? It seems like this would only add to the congestion and traffic in the area.
2/21/08
Kurt said:
People have cars, even in congested areas. It would be better to have a garage for them rather than more cars clogging the few remaining street spaces. Lakeview public transportation is not great anyway. The 151 is an awful bus route.