A mixed-use development at the northwest corner of Clarendon and Montrose will be presented to the 46th Ward Zoning and Development Committee on Nov. 30. Plans from developers JDL Development and Harlem Irving call for 381 residential units and 37,371 square feet of commercial space.
The lot sits directly opposite Clarendon Park and includes $15.8 million in TIF funds. If the project is approved, the developer would be required to pay $4.6 million toward rehabbing the Clarendon Park Community Center at 4501 N. Clarendon.
This is not the first time developers showed an interest in the former Maryville site. In fact, five years ago, the TIF for this plot of land was created, and $69 million was then estimated as the amount needed. Again in 2013, plans were floated for a 749-unit development with 26,000 square feet of commercial space and a TIF request of $34 million.
The City of Chicago’s Department of Planning has been in negotiations with the developers for some months, and the result is the newest proposal. Renderings shown here were shared by Alderman James Cappleman (46th Ward).