Ramirez's plans took a step forward recently when the city council's committee on zoning recommended rezoning to allow for the project. The properties now include a series of two-story mixed-use buildings with storefronts and residential units from 2946 through 2960 W. Belmont Ave., an 18,000-sf site. Now zoned C1-1, the properties could accommodate more than 21,000 sf of development. However, the proposed B2-2 zoning will allow for a project totaling nearly 40,000 sf.
A representative from 33rd Ward Alderman Richard F. Mell's office says the properties are run-down, and the project will improve the section of Belmont Avenue near Sacramento Avenue.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.