A major Chicago-based developer of large-scale apartment complexes reportedly plans to build 287 rental units on Chicago Avenue south of Kedzie Street in Evanston.
A rendering from the developer’s website.
A website describing the project doesn’t identify the developer, but the site is registered to AMLI Residential, which operates over 22,000 rental apartment units in 10 metro areas across the nation.
No one answered a phone call placed to AMLI’s corporate headquarters this morning.
The project would replace a strip of retail shops facing Kedzie anchored by a Salvation Army store as well as the Nissan auto dealership fronting on Chicago Avenue.
As described on the website, the project would include five stories of apartments over ground-floor retail and parking.
Just over half the apartments would be studios, convertibles or one-bedroom units. Nearly 40 percent would be one bedroom plus home office or two-bedroom units, and the remainder would be live-work lofts.
Average monthly rents are estimated to range from $1,800 to $2,200.
City Community Development Director James Wolinski said the developer has not yet submitted any plans for the project to the city and he knows “only bits and pieces” about it.
He said redevelopment of that area has been talked about for a number of years as auto dealerships along Chicago Avenue have gradually moved out.
A phone call Friday to Alderman Melissa Wynne, whose 3rd Ward includes the site, was not returned.
A developer-sponsored community meeting about the project is to be held at 7 p.m. Wednesday, Feb. 27, at the Firehouse Grill Restaurant, 750 Chicago Ave.
The maximum height proposed for the new development is 67 feet, the limited provided under the area’s current C1a zoning.
The floor area ratio is 3.7, below the 4.0 limit in the zone.
Because of its size, the development will require review by the Plan Commission and City Council.
The developers hope to begin construction in summer 2009 and project that the project will increase annual property tax revenue from the site from $150,000 to $1.3 million.