Chicago-based Kopley Group Inc. will develop the project through 1810 W. Grace St. LLC. It will build the 91-unit project in five- and three-story buildings that have been on a 97-acre site at 1810-1822 W. Grace St. for 100 years.
Kopley bought the two buildings from a private owner last fall, according to Stefanos Karavolos, a project manager at the Kopley Group.
That site is in a largely residential area of detached houses and small apartment buildings.
The Chicago Plan Commission last month approved residential rather than current limited manufacturing use. City Council approval is needed.
The developers will rehab both buildings -- the three-story structure at Grace and Ravenswood Avenue and the L-shaped five-story one facing Berenice Avenue, into 1-, 2- and 3-bedroom units, Karavolos said.
Local architects at Fitzgerald Associates have designed the project.
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source: chicagotribune.com
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