Chicago has issued a $30 million building permit for a 11-story residential building at the Gateway, a mostly vacant 10-acre lot at Ogden and Damen avenues in the Illinois Medical District.
The structural permit issued in late April follows earlier permits issued for the foundation and caissons.
Crain’s Chicago Business had reported earlier the 161-unit building (with ground floor retail) is the first sign of construction life of a $300 million mixed-use complex in the district, where developers “struggled for half a decade to land financing for the project.”
The general contractor is Global Builders, Inc. Key subtrades include: Electrical – Belec Electrical, Inc.; masonry – Concrete Structures of Midwest and Vogt Construction Company; plumber-plumbing – Birk Plumbing Inc; and refrigeration and ventilation – Temperature Service Co.
Crain’s reported that the developer is a venture controlled by Elzie Higginbottom. Permits issued last summer indicate “Higginbottom’s East Lake Management development company is forging ahead with the next phase of the long-stalled 1.2 million-sq. ft. project, though the timetable for building is still unclear,” Crain’s reported.