EDGEWATER — The prospective new owners of the Edgewater Medical Center parking garage plan to begin demolition of the structure in early January, Ald. Pat O'Connor's 40th Ward office has announced.
CA Development, a Chicago-based developer of single-family homes, is under contract with the successful bidders of the entire hospital campus to buy the land and build 15 homes.
Last month, the garage was sold to a venture of MCZ Development — named Sedgwick Acquisitions, LLC. In June, MCZ Development also bid $7.5 million to buy the former hospital at the site, 5700 N. Ashland Ave., but that sale is contingent on certain conditions, including tax increment financing commitments from the city.
A permit for the garage's demolition was issued on Dec. 11, according to city records. Demolition should begin after the last of the water in the garage's basement is pumped out.
CA Development plans to build 15 single-family homes with 4-6 bedrooms on 30-foot-wide lots. Each home would include a three-car garage for off-street parking.
According to a statement from CA Development, distributed through O'Connor's office, an inspection found no evidence of asbestos in the garage or other environmental hazards.
But the developer does warn of large equipment that will "pulverize" concrete during demolition, creating dust, noise and vibration for the three to five weeks that demolition is expected to take.
The homes are expected to be completed by spring 2016.
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