Rendering for Lawrence and Laramie avenues
SHOWN IS A RENDERING of a planned redevelopment of vacant lots at Lawrence and Laramie avenues following 15 years of delays.
The Chicago Plan Commission at its Feb. 16 meeting unanimously approved the proposal. The City of Chicago is selling about half of the 39,000-square-foot site for $1 to the project developer, the Mega Group. In 2006 the city paid $1.46 million for the land, which now is worth about $530,000.
The planned development ordinance for the site allows construction of a four-story building with 9,990 square feet of commercial space, 39 apartments and 41 interior parking spaces to be constructed at the southwest corner of Lawrence and Laramie. A 21-space parking lot would be built at the southeast corner of the intersection.