RAVENSWOOD — A dormant factory in Ravenswood will be converted into an apartment building with two wheelchair-accessible units set aside for low-income people with disabilities.
Ald. Matt Martin’s office (47th) said in a letter Friday he has approved developer Hayes Properties’ proposal to turn the old screw factory, which has been vacant at 4050 N. Hermitage Ave. for almost a decade, into a 19-unit, sustainably-minded apartment building.
The proposal includes four affordable units, rather than the two required by the Affordable Requirements Ordinance. It’s the fourth development Martin has approved that provides at least twice as many units below market value than required, said Josh Mark, director of development and infrastructure for the 47th Ward.
Two of those affordable units are fully wheelchair-accessible, and Hayes Properties is partnering with Access Living to make sure they are rented out to people with disabilities.
Martin said in the letter he is “thrilled to provide these much-needed accessible affordable units and to ensure they go to those who need them most.”
Plans include three one-bedroom units on the first floor, with the remaining 16 two-bedroom apartments on the second and third floors. Rent for those units would be $1,700–$2,400 per month, developers said during a July community meeting.
The building will be designed to meet LEED energy standards and will have solar panels on its roof, Mark said.
The developers also said they’ll remove the building’s fire escape and replace the brick wall in front with materials “lighter and friendlier to the streetscape and community.”
The building has been vacant since 2012, when its last occupant moved out of a small apartment in the building’s corner, developers said.
Another developed sought to transform the building into 18 condos in 2017, but the plans fell through after neighbors said it would create issues related to parking, construction noise, traffic and affordable housing.
Joe Hayes, of Hayes Properties, previously told neighbors they planned to “spruce up” the building’s exterior while maintaining its original architectural character.
“We’re going to try to restore it to what it looked like in 1920 on its first day,” he said.
Jake Wittich is a Report for America corps member covering Lakeview, Lincoln Park and LGBTQ communities across the city for Block Club Chicago.
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