Amid forest of rentals, ZSD Corp. to get in on growing West Loop condo market

The Chicago developer’s plan for a 25-unit building joins several other condo projects amid a sea of apartment development

TRD CHICAGO /
Mar.March 12, 2019 11:46 AM
ZSD principal Zev Salomon and a rendering of 122 South Green Street (Credit: LinkedIn)

ZSD principal Zev Salomon and a rendering of 122 South Green Street (Credit: LinkedIn)

ZSD is proposing the latest West Loop condo project, looking to get in on a growing market in an area otherwise dominated by rentals.

The Chicago developer on Monday presented plans for a 25-unit building between Peoria and Green streets that would feature condos with asking prices between $1.2 and $3 million, according to Crain’s. All of the units will be about 2,000 square feet and at least four bedrooms, firm principal Zev Salomon said.

Salomon’s building would join a growing number of condo projects in the West Loop, including New York-based JK Equities’ planned 42-unit building on the site of a former nursing home at 1400 West Monroe Street. Work has started on another condo project nearby, the 32-unit Eveq complex at 14 North Bishop Street from a venture tied to Chicago Pipefitters Local Union 597.

Sulo Development’s 28-unit Hayden West loop building recently signed its last sales contract, according to Crain’s, with the condos set to be delivered later this year. Sulo’s already trying to build on that success, changing its plans for a nine-story project with 28 units at 19 North May Street to a proposal for an 18-story building with 73 condo units.

Related Midwest, meanwhile, is developing 36-story condo tower at 170 North Peoria Street in the Fulton Market area of the West Loop after twice reducing the proposed height of the building to win community approval. [Crain’s] — John O’Brien

 

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