Clark Street Real Estate and Ryan Companies’ revised plan to fill a long-vacant hole in Portage Park with a senior living complex is finally moving ahead.
Alderman Jim Gardiner now supports the Point at Six Corners project after saying he “fought tooth and nail” for changes to the years-old plan, Block Club reported. In September, the recently-elected alderman declined the developers’ zoning request but offered to work on compromises at the four-acre site.
As it currently stands, the $130 million development would see a 10-story complex rise with 258 apartments for seniors, including 11 affordable units, according to Block Club. There would be 215 parking spots and 45,000 square feet of retail space, anchored by an Aldi grocery store.
Changes include increases in the number of independent living and memory care units and a decrease in assisted living units. The developer also agreed to establish a one-time $100,000 scholarship for Schurz High School students and waive the one-time community fee for veterans who sign up to live at the Point at Six Corners in its first year.
Clark Street has owned the lot since 2014. The company and Ryan had a 2018 proposal rejected, which was Clark Street’s second attempt. That senior housing plan involved 265 market-rate units and 50,000 square feet of retail space with 237 parking spaces. Alderman John Arena, who was defeated in a February 2019 election, was a fierce roadblock to the plans.
If the project wins full city approval, construction could begin in the fall.
Seritage Growth Properties and Tucker Development Corporation also recently won the alderman’s approval for a 434-unit residential development across the street.
[Block Club] — Brianna Kelly