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New retail and apartment complex cleared to rise at Lawrence and Laramie

Alderman John Arena has described the project as a “grand gateway” to Chicago’s Jefferson Park neighborhood

A long-discussed plan to redevelop a blighted parking lot in Chicago’s Jefferson Park neighborhood is finally ready to put shovels in the ground. Yesterday, the City of Chicago issued the four-story, mixed-use development at 5201 W. Lawrence Avenue a new construction permit estimated at $8.5 million.

Slated to contain roughly 10,000 square feet of commercial space, 41 interior parking spaces, and 39 rental apartments, the structure comes from developer Mega Group and Gurnee, Illinois-based design firm Archamerica, Inc. The two companies are also teaming up on a planned 16-story, 114-unit development at nearby 4849 N. Lipps Avenue.

In addition to the soon-to-rise building at Lawrence and Laramie, the developer will revamp an adjacent lot between Laramie and Avondale avenues with a new public plaza and 21 parking spaces. The Northwest Side development was first unveiled in mid 2015 and was eventually approved by the Chicago Plan Commission this past February.

 Google Street View
 Archamerica, Inc.

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