The new mixed-use project planned for 1435-1443 N. Wells is officially a “go” according to a recent report from Curbed. Officially designated a transit-oriented development (TOD), the new Old Town development will offer a mix of 50 apartment residences, ground level retail space, and parking for just 15 off-street spaces.
The building’s attractive design, which rises 6 stories and features a setback-layout for its upper floors to limit its visual impact from below, is from NORR, while the project itself is being developed by LG Development.
Despite its approval, the project does come with a little controversy, as a group of existing older buildings will have to be demolished to make way for the new structure. But as other Old Town projects continue to transform the neighborhood, most notably at 1528 N. Wells and 1325 N. Wells, change seems to be inevitable for this rapidly developing part of downtown Chicago.