710 Grand Joint Venture, a JV of Wicker Park Apartments Inc. and Outlook Development Group has begun construction on 710 W. Grand Ave. Wicker Park Apartments Inc. has completed over $350M in developments including high-rise, mid-rise and low-rise apartments, condos, townhomes and single family homes in Chicago and currently owns and operates 32 apartment buildings they have constructed or purchased and renovated in the Wicker Park, Noble Square, East Village and Ukrainian Village Neighborhoods including a recently completed Transit Oriented Development 1515 W. Haddon (www.WickerParkLofts.com) and another Transit Oriented Development under construction at 1100 N. Ashland (www.EastVillageLofts.com). Outlook Development Group has extensive commercial and retail development experience across the country. 710 W. Grand is an ideal location within walking and biking distance of the Loop, the West Loop, the proposed project will enliven Grand Avenue and help make the surrounding neighborhood become more active, safe, secure and attractive.
Upon completion, the project will generate in excess of $250,000 in real estate taxes annually, and will create numerous temporary construction jobs in addition to permanent jobs as well. The building has been designed with green building standards and is seeking Green Globes Certification. Sustainable design elements include a green roof, EV charging stations, energy efficient lighting and mechanical systems, energy efficient sound and thermal insulation systems, the use of recycled building materials and also the use of solar panels on the roof to generate power.
710 Grand will be a new 105-unit rental apartment building in a 9 story structure. Studios, one, and two bedroom units will feature top-of-the-line finishes and state-of-the-art design elements and the units will have beautiful city views. The property is only 315’ away from the blueline stop at Grand and Halsted, multiple bus lines and the Milwaukee Avenue bike lanes. This is a transit-oriented development under the City’s TOD Zoning Ordinance, which encourages less parking and other sustainable design elements. With alternative forms of transit nearby, additional car traffic will be minimized. A large active retail space, a large bike room, a package delivery and dry cleaning drop-off/pick-up room, and a recycling room along with a loading berth for move-ins and move-outs will be located on the first floor along with parking for 45 cars. Floors 2-8 will have apartments and there will be also be a roof deck along with building amenities on a smaller floor plate on the 9th floor.
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