42nd and Halsted Proposed Development Project

1. Welcome

2. 2
NEIGHBORING BUILDINGS COMMUNITY

3. 3
The District
COMMUNITY
Goal: To provide quality, luxurious housing while engaging the community with pedestrian friendly retail.

4. 4
The District
PHASE 1 - 4231 South Halsted
A four-story, mixed use building with 14 luxury apartments, one corner commercial space, private landscaped courtyards and semi-private garages.
District (adj.)
1.Epitomizing authentic urban culture

5. 5
Building Program
Courtyard View – North Elevation
Exterior Materials: Masonry, Cementous Panels, & Thermopane Windows
First Floor
• 1 Two Bedroom, One Bath
(1,050 sf)
• 1 One Bedroom Plus Den
(900 sf)
• Commercial (2,250 sf)
2nd to 4th Floors
• 4 Two Bedroom Apartments
• Corner Apartments Average
1,250 sf
• Large Master Bedroom & Full
Guest Bathroom
14 Luxury Rental Apartments
14 Semi-Private Garages
1 Storage Locker per Unit
On-Site Laundry & Bike
Storage

6. Site Plan
WEST43RDSTREET
SOUTH HALSTED STREET
Primary entrance is through a private courtyard off Halsted into a secure, common vestibule. Building amenities include an
elevator, private storage lockers, laundry facilities, bike room and private landscaped courtyards.

7. Potential Commercial Uses
• Dining - Sit down, family style
restaurant
• Quick service, casual restaurant
(Panera, Chipotle, Potbelly, Sonic,
Pizza, Wings, etc.)
• Service retail (bank, professional
offices, pet store, ice cream, etc.)
• Specialty retail (boutique clothing,
jewelry, other small businesses)
• Artists’ studios/gallery
Commercial Uses Not Allowed
• Massage Parlor
• Nail/Hair
• Adult Book Store
• Daycare Center
Conceptual Restaurant Plan

8. 8
Typical Floor Plan
Southeast Corner Unit

9. Interior Rendering
Current Rent
• Two Bedroom, Two Bath with Den
$1,500 - $1,600 per month
Projected Rent
• Two Bedroom, Two Bath with Den
$1,700 - $1,875
• Two Bedroom, One Bath (1st Floor)
$1,400 - $1575
• One Bedroom, One Bath with Den (1st floor)
$1,100 - $1,295 (Affordable - $925)
Interior Finishes
• Hardwood Floors in Living Areas
• Carpet in Bedrooms
• Tile in Bathrooms
• Solid Surface Countertops (i.e. Granite,
Corian, etc.)
• Stainless Steel and Black Appliances

10. 10
Neighborhood Context
Northwest View from Emerald Avenue Residence

11. 11
Neighborhood Context
Southwest View from Emerald Avenue Residence

12. Winter Solstice
December 21st, 3 pm

13. Summer Solstice
June 21st, 6 pm

14. There are 75 on-street parking spaces excluding Emerald Street.
Current Conditions
• 22% - 28% of on-street parking is occupied
• Leaving 54 unused parking spaces
Future Conditions
• Project Meets Parking Requirements Established by Chicago Zoning Ordinance
• Existing On-Street Parking Easily Accommodates Highest Potential Demand
• There are 26 on-street parking spaces available during peak hours based on
highest potential demand
Parking Study Results

15. Area Parking Options

18. Shared Parking Analysis
4223 – 4231 South Halsted Street Only

19. Shared Parking Analysis with Restaurant
4223 – 4231 South Halsted Street Only

20. Schedule
Project Time Table
• A/E Design and Permits: Feb – June ’16
• Ground Breaking: July/August ’16
• Construction: 9 months
• Grand Opening: April/May ’17
• Stabilization: Fall ’17
Phase 2
• Subject to Phase 1 Prelease of 85%
or
• Phase 1 Prelease of 70% and
Phase 2 Prelease of 50%

21. Thank You