Ravenswood Station Project Still Under Way

By Mike Fourcher | Monday, September 12, 2011

A rendering of the Ravenswood Station retail phase, which would front Lawrence Ave. next to the Ravenswood Metra station. Image from developer.

According to documents filed with Ald. Ameya Pawar’s (47th) office last month, developers Silver Rock Development Group and Sears Holdings are moving forward with the Ravenwood Station development at 1800 W. Lawrence Ave. The $48 million project with 286,000 square feet, is seeking $4 million in Tax Increment Financing (TIF) money and is projected to break ground in August 2012 and to be completed in March 2013.

The project would be completed in two phases, with 161,144 square feet of retail, including a Mariano’s Fresh Market, a bank and a new space for the Sears Tire & Battery store. The second phase would include 125,373 square feet and 160 units of condos, built north of the retail space and next to the Metra tracks.

A rendering of one of the three condo buildings proposed as part of phase two of the Ravenswood Station project. Image from developer.

This new application is a reboot of sorts for the project, which was to be previously developed by close allies of former Mayor Richard M. Daley, Magellan Development LLC with legal representation from Daley & George, the law firm of Michael Daley, the former mayor’s brother. This new proposal includes Magellan, but not as the lead developer. The previous proposal also included a condo tower on top of the retail space, which was loudly opposed in a May 2010 community meeting.

Some of the opposition was rooted in neighbor concerns that so many new residential units in the area would depress real estate values, a concern likely to return with the new proposal.

The project is also requesting funds from the Western Avenue North TIF which is expected to be tapped for the Lawrence Ave. Streetscape project.

Ravenswood Station Zoning Application

Ravenswood Station Retail Renderings

Ravenswood Station Residential Renderings

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  • Anonymous

    So, they are throwing new condo’s into the mix again?  And our new Alderman is ok with this?  I really hope to see another community meeting with our new Alderman there.  He needs to hear how those in the area feel about new condo going up. 

  • http://twitter.com/vba_commando Mike Smith

    Yes!!!  We need a grocery store so bad.

  • http://www.facebook.com/profile.php?id=100000137976599 Michael Waechter

    Phase I “is projected to break ground in August 2012 and to be completed in March 2013″. 


  • Anonymous

    A lot of the vehemence about the residential phase of the project came from the fact there were two 11-story condo towers planned, which were totally out of scale with ANYTHING in the vicinity.  While the architectural renderings of the condos seem much more attractive (the pictures always are), the concerns about whether there’s any demand in the area for that much density, etc., — who knows!?  I can’t imagine the real estate picture on the north side experiencing that magnitude of recovery. I’d love to be proved wrong on that count…

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