UPTOWN — Developers, residents and Ald. James Cappleman will meet next week to discuss development changes for Pensacola Place, which include replacing commercial space with townhomes.
At 7 p.m. on Nov. 16, the new owners of Pensacola Place will present amendments to the "current Planned Development from 1973 ... to build townhouses where a portion of the current commercial space" is along Hazel Street and to "make other changes and upgrades." The meeting will be held in the community room at Pensacola Place, at 4334 N. Hazel St., "which is the high-rise that is part of the Jewel complex at Sheridan and Montrose," according to an email to Buena Park neighbors.
"This is not technically a zoning change, but it does require the Alderman's approval, so he would like to host a meeting for both Buena Park Neighbors Association and the Clarendon Park Neighborhood Association to attend to hear any questions or concerns," the email said.
In April, Waterton Associates announced they had purchased the building and were planning to upgrade "the building's common area and amenities, including the fourth-floor outdoor deck and the area alongside the building's outdoor swimming pool by removing an existing tennis court and adding cabanas, fire pits and other features."
While officials said there was an opportunity to build more units the transformation will not include hiking rent of the 30 affordable housing units in the building.
Ald. James Cappleman (46th), whose ward includes Pensacola Place, has said that it's "important to protect the affordable housing" in the area.
"There are a number of units where residents pay one third of their income to live there," Cappleman has said, referring to Pensacola Place. "Even though the building is going through a rehab, the residents will not have any change in the amount of rent they pay."
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