The developers of a 32-unit Lincoln Park area condo project say they are nearing the top-off stage.
Golub & Company, CIM Group and Avoda Group anticipate Fifteen Fifty on the Park project will be completed in in the final quarter of the year.
Chicago issued a $46 million building permit for the 10-story structure at 1550 N. Clark in October to Power Construction.
Golub & Company president Lee Golub described the site as “one of the last developable parcels along Lincoln Park.”
The building’s entrance will be through the facade of what most recently was the Village theatre. Built in 1916 as part of the Germania Theater, the façade features terra cotta detailing, including ornamental oak trees and acorns that reflect the neighborhood’s German influences. The facade’s restoration and reconstruction is currently in progress at the direction of Chicago-based structural engineering firm Klein & Hoffman.
Architects Solomon Cordwell Buenz (SCB) designed the structure, which is definitely not for low-income purchasers, with prices ranging from $1.625 to $5.85 million.
Key subtrades listed on the building permit include: Electrical – Chatfield Electric, Ltd.; masonry – Midwest Masonry, Inc. and R. Olsen Construction Co.; plumbing – Norman Mechanical; and ventilation – Premier Mechanical.