Greystar, developer of the Elan Apartments on the Greenway, is pitching a new eight-story apartment complex east of the Calhoun Beach Club at 2626 W. Lake St.
Ninety units in the building would be relatively large, according to the architect, averaging 1,600 square feet with some units more than 3,000 square feet. Average rents would be $4,500 per month.
“These are rental condominiums,” said David Graham, principal of Elness Swenson Graham Architects. “These are much larger than anything available on the market.”
Eight stories would front Lake Street, with heights at three stories along Thomas Avenue and the Greenway.
“The mass and shape was really shaped by solar access, environmental concerns and other CIDNA (Cedar-Isles-Dean Neighborhood Association) parameters,” Graham said. “This is a landmark-quality, 100-year building.”
CIDNA Land use Chair Bob Corrick, who was briefed on the plans, said the developer would work with the neighborhood to implement a bike and pedestrian trail along Thomas Avenue as a connection to Lake of the Isles. He said the area needs more safe trails away from busy intersections.
“This would create another north-south connection that would cross Lake Street at a more safe crossing than going across Dean Parkway,” Corrick said. “We’re cautiously optimistic that we’ll be able to implement that kind of idea.”
He said the project is comparable to a 2006 Lander Group proposal that CIDNA supported but was dropped due to the recession. The neighborhood group had opposed other concepts for the site, including Lander’s initial 110-foot proposal and Bigos Development’s 136-foot proposal.
“This is our third developer who’s looked seriously at it,” Corrick said. “We’ve been working on this for 10 years now.”
He said the 89-foot structure would stand at roughly the same height as the Edgewater on East Calhoun Parkway, and would be lower than the Calhoun Beach Club’s 136 feet.
The CIDNA Land Use Committee will hear a presentation and potentially vote on the plans April 7 at 6 p.m. at the Jones-Harrison residence, 3700 Cedar Lake Avenue.
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