The not-so-gradual transformation of East Oak Street from a collection of upscale retailers tucked inside a genteel street of Grey Gardens-esque townhouses into a collection of slightly-less-upscle retailers preening themselves inside a gilded allée of modern box-shaped bird cages continues.
The latest transformation comes at number 46, which was torn down late last year, and then late last week given permits to start construction on its new, better, younger, sleeker self.
** NEW 4 STORY RETAIL BUILDING WITH PARTIAL BASEMENT FOR A SINGLE TENANT AS PER PLAN GREEN ROOF INSTALLATION INCLUDED (will provide 1084 sf of vegetation)
The developer is L3 Capital, a real estate firm with its fingers deep into New York, Boston, San Francisco, and other urban pies. It’s actually headquartered around the corner on Michigan Avenue.
L3 bought 46 East Oak in 2014 for a price in the low eight figures.
The old building was a nice four-story limestone-colored townhome with bay windows and a Gothic arch for a main entrance.
The new building… is exactly what you’d expect of Oak Street these days. Enormous showcase windows, and a flat facade designed by OKW Architects to squeeze value out of every last inch of space within the lot line.
If the retailer moving into this space wants to stand out, they’ll have to do it with flashy mannequins in the windows, because they’ll get zero help from the building design.