A 217-unit mixed-use project is slated for the Near South Side.
Andrius Augunas’ Avalon Development Group LLC will rehab a four-story building at 2100 S. Indiana Ave. and will add an adjacent 27-story tower .
Augunas has built homes in the Chicago area for a little more than a year. He is building Community: Motor Row Condominiums at 2300 S. Michigan, where units are being sold for$199,900 and $400,000. He also is planning an eight-story condo building at 2147 W. Madison, two blocks west of the United Center.
On the South Side, the LLC closed last month on its purchase of a one-acre site from a private owner, Augunas said. It is on the southwest corner of Indiana Avenue and 21st Street, in a neighborhood of residential, retail and commercial buildings.
The developer will convert the four-story building into 39 one- and two-bedroom timber loft-style condos with 12,000 square feet of retail space on the ground floor, he said.
The tower will have 178 condos. They will consist mostly of one- to three-bedroom units with 600 to 1,600 square. Penthouses will have up to four bedrooms and 1,900 square feet, Augunas said. He has yet to price the units.
A ground-floor lobby will join the two buildings. The tower will have six floors of parking for 238 cars and 4,000 square feet of ground floor-retail space, Augunas said.
“We are talking to restaurant owners for the 12,000-square-foot space and are open regarding what kinds of tenants we will lease the 4,000-square-foot space to,” he said.
City Council approval is still needed.Chicago-based Fitzgerald Associates is designing the project.
The developer has agreed to donate $285,451 to the Chicago Department of Housing’s Affordable Housing Opportunity Fund; and $285,451 through the city’s Adopt a Landmark program to the Second Presbyterian Church of Chicago for its renovation. The church is a block from the site.
An on-site sales center will open in January, Augunas said. He expects to begin construction in fall 2007 and to deliver first units in 2009.
