First in several Midwestern markets to provide unique, historic, loft-style apartments in emerging neighborhoods, we propose to take that same cutting-edge vision and transform the Main Building into the signature, rental, one-of-a-kind housing development adjacent to Illinois Institute of Technology’s Main Campus.
The Victorian-era, Romanesque revival education building, designed by Patton & Fisher whose successor firm designed more than 100 “Carnegie” libraries throughout the Midwest, will be transformed through a thoughtful and sympathetic adaptation into a total of 102 units.
Units will include custom cabinets, solid surface countertops, stainless steel appliances, hardwood floors, and ceramic baths. The property will also include a fitness center, a media room, and a bike maintenance shop.
We have been successful in achieving Green objectives on other historic properties. Our design incorporates “National Green Building Standards” including the optimization of space – the building plan is approximately 72% efficient. We intend to incorporate the use of recycled/reused materials and source new materials locally.
We will employ the most innovative and efficient environmental and lighting systems such as LED and Low Power Induction on exterior fixtures to minimize light trespass onto adjacent properties.
As with all our projects, we will only use low VOC products for paints and solvents. One can argue that a restored historic building may be the ultimate in sustainable living. Garnering what we believe will be the most competitive rents on Chicago’s Southside, due in part to its location but more so to our proposed innovative design, the Main Building will be a catalyst for the future development and further renaissance of the Bronzeville neighborhood and Chicago’s Southside.
It will attract educated, urban professionals, looking for convenient, high-end, efficient, sustainable living. The project will create an estimated 150 construction jobs and at least 5 permanent jobs. Not currently on the tax roll, the property will generate approximately $240,000 in property and other taxes.