First New Building Cleared for Children’s Memorial Site
Posted on March 28, 2017
Curbed Chicago reports that the City of Chicago has issued a construction permit for a seven-story assisted living building at 700 W. Fullerton Parkway. The new facility replaces the similarly-sized Nellie Black building designed by the architects Pickney & Johnson in the 1930s. This is the first all-new building slated for the prominent six-acre site on Lincoln Avenue.
Known as Belmont Village Lincoln Park, the upcoming senior building is expected to contain 156 assisted-living and memory-care units and 90 below grade parking spaces across two sub-levels. Originally included as part of the $350 million mixed-use Lincoln Common project from developers McCaffery and Hines, the property was spun-off and sold to Harrison Street Real Estate Capital for an undisclosed amount in June.
The Lincoln Common redevelopment is expected to include 540 new apartments, 60 luxury condominiums, and over 150,000 square feet of retail space. The old hospital’s existing 1,044-stall parking garage will remain in place but is set to receive an aesthetic overhaul. The most recent projections anticipate a late 2018 move-in for new residents.