UPTOWN — A one-level commercial strip on Wilson Avenue in Uptown would give way to a four-story, 40-unit residential building under a proposal before the city.
Developer Jody Libman wants to build the nearly 58-foot-tall complex at 1359 W. Wilson Ave., according to a development update from Ald. James Cappleman (46th).
The project would require a zoning change, since Libman is seeking to build on the current site of the single-story retail strip.
The estimated $13 million project would include 40 homes, a 32-car parking garage and room for bicycle parking, according to development documents posted to Cappleman’s website.
Four of the building’s 40 units would be earmarked as affordable housing, the minimum number of affordable units the developer is required to include under the city’s Affordable Requirements Ordinance.
Development documents do not say if the units would be condos or rental apartments.
The building that would be replaced exists within the Sheridan Park Historic District, although it does not appear the existing structure is considered historically significant. There are plans to reuse some of the existing building’s terracotta exterior in the new development, depending on the condition of the current building’s facade, according to Uptown Update.
Libman has a contract to buy the property upon approval of the zoning change and development plan, he said in a form filed with Cappleman’s office.
Libman’s Moments Notice Services will serve as the developer and general contractor for the project. The team has also developed the residential-and-retail complex at 3500 N. Lincoln Ave., an apartment building at 4601 N. Ravenswood Ave. and an apartment building at 1650 W. Adams St., among others.
Cappleman will be scheduling a meeting with the Dover Street Neighbors Association and the 46th Ward Zoning and Development Committee to review the development proposal, but no date has been set.
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