Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

2016 01-26 community presentation

42nd and Halsted Proposed Development Project

  • Be the first to comment

  • Be the first to like this

2016 01-26 community presentation

  1. 1. Welcome
  2. 2. 2 NEIGHBORING BUILDINGS COMMUNITY
  3. 3. 3 The District COMMUNITY Goal: To provide quality, luxurious housing while engaging the community with pedestrian friendly retail.
  4. 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. 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. 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. 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. 8 Typical Floor Plan Southeast Corner Unit
  9. 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. 10 Neighborhood Context Northwest View from Emerald Avenue Residence
  11. 11. 11 Neighborhood Context Southwest View from Emerald Avenue Residence
  12. 12. Winter Solstice December 21st, 3 pm
  13. 13. Summer Solstice June 21st, 6 pm
  14. 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. 15. Area Parking Options
  16. 16. Shared Parking Analysis 4223 – 4231 South Halsted Street Only
  17. 17. Shared Parking Analysis with Restaurant 4223 – 4231 South Halsted Street Only
  18. 18. 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%
  19. 19. Thank You

×