Quantcast




.............................................







.............................................





Edgewater Beach May Soon See New 18-story High-Rise On Sheridan

Friday, June 5, 2015
By Daniel Zagotta
5440

The 2012 proposed high-rise

Remember the old Lakeside Motel? The old orange and blue, detailed two-story building was loved by some but disliked by many more. It was torn down in 2005 to make way for a new, slick high-rise building that was never to be built.

In 2007, the Bluewater Group was ready to make a splash with the new building at 5440-50 N. Sheridan Road. The group originally proposed 17 stories which would include 187 condos and duplex townhouses. However, the market crashed soon after, killing the plans.

In 2012, the Bluewater Group surprised the community by meeting with community organizations to resurrect the high-rise. The new building would have 190 rental units and an unusually large number of parking spaces (320 to be exact). But things fell silent once again.

Is the third time the charm? Now, a new team of developers, Greystar Development, has proposed a new, 18-story development with 190 rental units. It has also reduced the number of parking spots to 255.

In a DNAinfo article released yesterday, Dan Luna (Chief of Staff for Ald. Harry Osterman) said that Greystar was going to start reaching out to community groups to win their support for the proposed building. Ald. Osterman is also expected to hold a future community meeting where there is expected to be a vote.

According to the article, Gary Wallace (managing director of development for Greystar) confirmed his company’s contract at the proposed site, saying, “We are working closely with city officials and the neighborhood association to review the current project design.”

 

Tags: , , , , , , , ,


We invite you to comment as Edgeville Buzz's GUEST. We review all submissions before they go live on our online property to encourage civil dialogue. Posts must adhere to our COMMENT POLICY and we reserve the right to delete posts/ban users for instances of inappropriate language, bullying speech, character defamation, spam, etc. By posting, you agree to our LEGAL TERMS.

  • hanna

    I remember that corner….wasn’t someone found in a motel there with no arms and no legs, no head? If that is the case then please make this “rental” high rise really upscale to deter the ghosts of olde. I think young, well-off renters that are willing to pay 2K for a studio won’t be bothered by the history of the corner, or the ghost of the unfortunate dead drug-addled prostitute. But, in reality, how about requiring more parking spaces? It is almost impossible to live there and own a car. Personally, whenever I walk past that spot, on my way for a morning walk, I get the creeps. But maybe it is just memories from so many years ago. But then, again, who knows?

    • Pete in Edgewater

      The dismembered body you refer to was not at this hotel but instead was found at the hotel that used to be on Foster sandwiched between the Saddle and Cycle Club and Mariano’s. The killer was a parolee that was staying at the old halfway house they was at the corner of Argyle and Sheridan that is now renovated rentals. He was getting high in the hotel with s prostitute, flipped out, and killed her.

      • Wally

        According to a comment in this old report there was a mob hit when the motel was named the Tropicana. Not much else can be found out about it, but there was a torso found there. The old timers from the area remember the incident. (And, yes, there also was a murder at the old motel on Foster near Sheridan.)

        http://uptownhistory.compassrose.org/2008/09/tropicana-motel-5440-sheridan-edgewater.html

        • urbaneddie

          the mob hit mentioned in the link was at the purple hotel in suburban lincolnwood, not this motel. also, what murder involving a torso? i have never heard this, nor found any links to such a crime.

  • TwiggyB

    You’ll need lots of fresh sage, a shaman, a rabbi and prayers to burn away the bad energy left behind by those dead bodies.

  • TwiggyB

    Does anyone have any photos to upload or links to share on the Lakeside? I’d love to see some old photos of the place.

  • M Roper

    They are a Houston founded North Carolina based developer of rental units. They have 400,000 units in their portfolio. They want to move into Chicago and have hired a very, very heavy hitting lawyer to pave the way.




.............................................



.......................................





.......................................






.......................................






.......................................







.......................................







.......................................







.......................................