Near West Side development continues with 42-unit resi complex

The mixed-use building will include a retail component

2223 West Madison St.
2223 West Madison St.

The city’s Near West Side has seen a flood of development in recent months, with the latest plans for a 42-unit residential complex.

A four-story property, it will be located at 2223 West Madison St., and will include a retail component and an attached 42-car garage. The existing property is a 9,750 square foot lot. The city granted a construction permit, and work is expected to cost $7.5 million.

The building will be designed by Sullivan, Goulette & Wilson Ltd.. The general contractor is Global GC Inc.

Sign Up for the undefined Newsletter

The developer is an LLC registered to Mykhaylo Sheremet. The property was purchased in September for $1.4 million, according to city records.

Some of the recent residential developments in the Near West Side include TARIS Real Estate’s 10-story condominium building at 900 West Washington Boulevard is nearing completion. Down the block, ZOM Living is ready to break ground on its two planned 15-story towers, which will create 357 residential rental units. The Illinois Medical District also just sold about 26 acres of commercial and retail properties.