Chicago Developer Seeks Approval for Project to Revitalize Bronzeville Neighborhood
A Chicago-based development firm is pushing forward with plans to transform four vacant lots in the Bronzeville neighborhood into a new residential complex. Capricorn Design and Build aims to build dozens of apartments across four buildings, with a total of 90 units, on parcels of land between 3746-3766 S. Michigan Ave.
The proposal includes two buildings with 22 units each and two with 23 units each, all clad in red brick and featuring 14 parking spaces, bike parking, and rooftop decks per building. The apartments will cater to a range of residents, including those making an average of $48,000 for a two-person household (60% of the area median income), with 18 units set aside as affordable.
Residents will benefit from the transit-rich location, with nearby access to the Red and Green lines and quick highway connections. The project would mark a significant revitalization effort in the corridor, which has seen several vacant lots in recent years.
Capricorn Design and Build seeks a zoning change to exceed the currently permitted 60 units per building. If approved by the city's Committee on Zoning, Landmarks and Building Standards, the project will move forward. However, it remains unclear if there will be a vote at the committee's December meeting, as an agenda has not been released yet.
The firm behind the project is Capricorn Design and Build, which has built over 500 units in Chicago and manages more than 150 rental units. This marks the company's expansion into new construction projects, following its initial focus on rehabilitation work.
A Chicago-based development firm is pushing forward with plans to transform four vacant lots in the Bronzeville neighborhood into a new residential complex. Capricorn Design and Build aims to build dozens of apartments across four buildings, with a total of 90 units, on parcels of land between 3746-3766 S. Michigan Ave.
The proposal includes two buildings with 22 units each and two with 23 units each, all clad in red brick and featuring 14 parking spaces, bike parking, and rooftop decks per building. The apartments will cater to a range of residents, including those making an average of $48,000 for a two-person household (60% of the area median income), with 18 units set aside as affordable.
Residents will benefit from the transit-rich location, with nearby access to the Red and Green lines and quick highway connections. The project would mark a significant revitalization effort in the corridor, which has seen several vacant lots in recent years.
Capricorn Design and Build seeks a zoning change to exceed the currently permitted 60 units per building. If approved by the city's Committee on Zoning, Landmarks and Building Standards, the project will move forward. However, it remains unclear if there will be a vote at the committee's December meeting, as an agenda has not been released yet.
The firm behind the project is Capricorn Design and Build, which has built over 500 units in Chicago and manages more than 150 rental units. This marks the company's expansion into new construction projects, following its initial focus on rehabilitation work.
like whats wrong with the community we dont need a bunch of strangers movin in and changin the vibe of the neighborhood its already got character and history 
but at the same time i guess its good that somethin is bein done to revitalize the area and get it off that block by block look 
they should just make sure the affordable units dont go to investors tho, we need more affordable housing for actual Bronzeville residents not just some cash rich folks 
i mean, who needs character and history when you can have 90 overpriced apartments and a few token bike spots? and let's be real, those 'affordable' units will just become another way for wealthy folks to live in the neighborhood while pushing out actual long-time residents 
I was thinking about how we're always complaining about student housing in our school, and it seems like Chicago has got something similar going on here 
the affordable units are a big plus tho 18 out of 90 is still a decent chunk tho, fingers crossed the zoning change gets approved 
can't wait to see what this place looks like when it's finished 
can't wait to see what Capricorn Design and Build brings to the table with those apartments, especially the affordable ones 
90 units is nothing to sneeze at either, hope they do something amazing with that red brick exterior 
would love to live in one of those rooftop decks too 
. those rooftop decks are giving me LIFE btw I wish they'd consider adding some community space or garden area too, would love to see more greenery pop up in the city 
. and 90 units is a decent amount for the area, 18 affordable ones sounds like a great touch 
let's hope it gets approved soon! 
just thinkin, this project's a good start, but what about the surrounding community? are they gonna benefit from all these new apartments? or just get priced out of their own neighborhood 
I don't know what's going on with development companies in Chicago but it feels like they're always pushing for more and more units. 90 apartments is a lot! I'm not sure if it's a good thing or a bad thing that the firm is expanding into new construction projects, I mean it's great they have experience but do they really know what the community needs? the affordable units sound like a nice touch though 
and with 18 units set aside as affordable, that's definitely something to be celebrated 
it's also cool to see capricorn design and build pushing the boundaries on zoning changes - i'm not saying they're going too crazy or anything 
, just that it's awesome to see a company like theirs getting involved in new construction projects after starting out with rehab work... fingers crossed for the december committee meeting 
it's like chicago is giving up on the neighborhood 
. Can't we just preserve some of that historic charm instead of gutting it for modern apartments? I mean, 90 units is a lot, especially if most of them are going to be expensive and catering to the wealthy 
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. And don't even get me started on the rooftop decks... who needs more glass and concrete when we should be preserving green spaces? 
️. Red brick and rooftop decks, yeah because that's not a formula for gentrification already 
. Can't wait to see the 'affordable' units and what 'affordable' really means in Chicago 
capricorn design & build is doing such a great job with their rehab projects already and now they're taking it to the next level by building new apartments in one of chicago's most historic neighborhoods! 
the fact that 18 units are set aside as affordable is super cool, like we need more affordable options for low-income fams 
let's keep our fingers crossed that it gets approved in dec 
. and 14 parking spaces? are they kidding me? this whole project sounds like it's gonna be a nightmare if it gets approved...