Structured Development to build 197-unit resi complex in Clybourn Corridor

The firm will buy a community center site and build the group a new facility at Shops at Big Deahl

Chicago /
Jun.June 27, 2018 05:00 PM

Structured’s J. Michael Drew and renderings of the complex

Structured Development plans to build a 197-unit apartment complex on what is now the site of a community center in Clyborn Corridor, and will pay to construct a new facility for the nonprofit at its retail development project.

In exchange for taking over the nonprofit Menomonee Club community center’s property at 1535 North Dayton Street, Structured Development will build a $13.5 million, 50,000-square-foot facility at its Shops at Big Deahl project at Blackhawk and Kingsbury streets, according to Crain’s. It also will donate to an endowment fund for the club.

Structured still needs city approval for the club project and the nine-story apartment building. The planned residential complex and Shops at Big Deahl are in the booming Clybourn Corridor, near Structured’s New City apartment and retail project at Halsted Street and Clybourn Avenue.

Structured earlier this month inked the climbing facility Planet Granite to a 40,000-square-foot lease at the three-acre Shops at Big Deahl, which in total will have 150,000 square feet of retail and commercial space alongside a half-acre park.

[Crain’s] — John O’Brien


Related Articles

arrow_forward_ios
Apartment building near Chicago’s Loyola University sold as rental demand rises
Apartment building near Chicago’s Loyola University sold as rental demand rises
Apartment building near Chicago’s Loyola University sold as rental demand rises
Angelo Gordon sells North Side retail assets for $46.3M
Angelo Gordon sells North Side retail assets for $46.3M
Angelo Gordon sells North Side retail assets for $46.3M
Chicago’s Old Post Office nabs health care firm as new tenant
Chicago’s Old Post Office nabs health care firm as new tenant
Chicago’s Old Post Office nabs health care firm as new tenant
Buckhorn Estates in Des Plaines (Google Maps)
Denver firm buys two suburban Chicago mobile home parks for $43M
Denver firm buys two suburban Chicago mobile home parks for $43M
The WGN-TV building and Hines CEO Jeffrey Hines (WGN-TV, Hines)
Hines pays about $31M for WGN-TV studio
Hines pays about $31M for WGN-TV studio
800 West Fulton Market and John Deere CEO John May (800 West Fulton Market, John Deere)
John Deere set to bring jobs to Chicago with Fulton Market lease
John Deere set to bring jobs to Chicago with Fulton Market lease
Alderman George Cardenas (12th Ward Chicago, Getty)
Alderman Cardenas proposes ordinance to allow city to buy Chicago Bears
Alderman Cardenas proposes ordinance to allow city to buy Chicago Bears
TPG buys Cinespace, home of TV’s “Chicago Fire,” “Chicago Med”
TPG buys Cinespace, home of TV’s “Chicago Fire,” “Chicago Med”
TPG buys Cinespace, home of TV’s “Chicago Fire,” “Chicago Med”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...