When Yo last covered Polk Street Station, back in September of 2007, reader The Urban Politician commented that developer Paramount Homes “seems to have all of their projects on hold.” I had basically reached the same assumption from regularly passing the Grand Blue Line station on the way to the Yo office and noting the absence of Paramount’s proposed Grand Station.
Lauren Schreyer of Koenig & Strey GMAC Real Estate said today that she’s optimistic that Paramount will go ahead with Polk Street Station in Printers Row. Originally, this development had been called the Row Homes of Printers Row, and it was to include five row houses on the vacant parking lot at 777 S Dearborn St.
The current plans for 777 S Dearborn St call for about five three- to four-bedroom duplexes, and they sound pretty similar to those that Kate described last September, but Schreyer says the developer also plans to build seven full-floor units across the street, on the west side of Dearborn. Schreyer says that those full-floor units would be a bit bigger, clocking in at 2,700 to 3,500 square feet.
Schreyer plans to meet with the developer soon to find out if and when this development will get moving, but she hopes ground will break by the end of the year.