Visit 5440 N. Sheridan Road in Chicago's Edgewater neighborhood right now and you'll find a parking lot. Soon enough, however, it will likely be the site of an active adult rental high-rise development. Developer Greystar and architect Pappageorge Haymes have submitted revised plans for Overture Edgewater Beach to the office of 48th Ward Alderman Harry Osterman following community feedback.
Originally proposed as an 18-story (200 feet) tower with 186 units, the revised proposal calls for 16 stories (179 feet) and 174 units catering to adults 55 and older. The unit breakdown will include one bedrooms, one bedroom + den, and two bedrooms and units will range from 791 to 1,218 square feet. Building amenities will include a pool, green roof, meeting rooms, and an exercise space. The complex will also come with 190 indoor, heated parking spots, 17 outside spots for guests, and two parking spots for car sharing programs.
Some of the other changes based on community feedback include a change to the facade and setback reduction on the south side.
Overture Edgewater Beach will be located on the site of the Bluewater condo project that wasn't able to survive the 2007 recession. A follow-up meeting on the changes is expected to be held on January 19th at 6:30 at St. Andrew's Greek Church.
The Chicagoland region has a strong base of active adult community properties but there's a strong demand for more of them in the city itself. Expect this project to be a popular one because of that.