North Wells Street, the heart of Chicago’s Old Town neighborhood, is getting something new. The City of Chicago has approved the construction of a six-story mixed-use block to be slotted in at 1435 North Wells.
ERECT NEW 6-STORY +BASEMENT, 50 UNIT APARTMENT BUILDING WITH GROUND FLOOR RETAIL, 2 STAIR PENTHOUSE ENCLOSURES & FRONT 2ND FLOOR ROOF DECKS PER PLANS.
Rendering of 1435 North Wells
The new building replaces Bistrot Margot, one of the city’s few remaining French restaurants. It closed in 2015 and the building was demolished a few months ago.
The developer, New York’s Jenel, bought the old two- and three-story buildings that were at 1435 for $8.5 million last year, according to Crain’s Chicago Business.
Rendering of 1435 North Wells
Practically across the street, another long-time neighborhood restaurant is yielding to new development. O’Brien’s restaurant at 1528 North Wells has closed temporarily while a new boutique hotel and a clutch of townhomes are constructed in its place.
Location: 1435 North Wells Street, Old Town
Editor founded the Chicago Architecture Blog in 2003, after a long career in journalism. He can be reached at chicagoarchitectureinfo@gmail.com.
