Below please find a report from the Edgewater Chamber of Commerce regarding the development of the property at Granville and Broadway. Please feel welcome to call me or my staff for more details at 773-338-5796.
Very truly yours,
Published by the Edgewater Chamber of Commerce
1210 W. Rosedale, Chicago, IL. 60660
Phone: (773) 561-6000 Fax: (773) 561-8584
Permits issued for Granville
Edgewater residents received “a special Christmas gift from the City of Chicago” announced Timothy Harrington, Chairman of the Board of the Edgewater Chamber of Commerce. Harrington, who has been serving as the Chamber representative on the Granville Task Force, reported that the City released the necessary permits to Access Realty to build on the NE corner of Granville and Broadway on the day before Christmas. Developer Bill Platt has assured community leaders that ground breaking will take place in January.
The anchor store for the commercial portion of the building will be a Staples office furniture and supply store. Although chamber members have been able to purchase some office supplies at the two Edgewater UPS stores, there has been a real demand for this type of business, Harrington reported. In addition, the 48th and 49th ward have a large number of home based businesses which will be using this store.
Local leaders have been working with Ald. Joseph Moore to approve what will be the largest building built in the business district since CHA built senior citizen buildings at 5801 N. Broadway and 6401 N. Sheridan. Special care is being taken to plan for an expected increase in traffic. The developer will be working with the Edgewater Chamber of Commerce on a streetscaping plan for the area.
The developer purchased the property from Loyola University Chicago which had put together the parcels under a previous campus plan. However, Loyola now owns Mundelein College and no longer needs the land.
The building will be a mixed use building with stores and condominiums. There will be 160 units with 20 different floor plans. Units begin at $230,000 and being marketed by Koenig & Strey GMAC. The all concrete building features granite counter tops, stainless steel appliances, hardwood floors, marble baths, washer/dryer units and some decks. Garage parking sells for $25,000. The original plans called for completion in the Summer of 2007 but there have been delays in the process because of the need to move the alley. Utilities are already in place.
There will be CPAN (Chicago Partnership for Affordable Neighborhoods) units available. Persons interested should contact the Dept. of Housing or the office of Ald. Moore for information.
Sheli A. Lulkin, Executive Director
Edgewater Chamber of Commerce
1210 W. Rosedale Chicago, IL 60660