WEST TOWN — A plan to replace a massive industrial building with eight, $1.3 million luxury single-family homes is under way in West Town.
If everything goes as planned, the 3,500-square-foot homes, made of masonry and glass, would be ready by spring 2017, said Brian Duggan, president of Guardian Capital.
Guardian Capital has a pending contract to buy the American Carpet Distributors building at 2041- 2059 W. Race St. provided that a zoning change from industrial to residential use is approved.
Home to American Carpet Distributors for the past 36 years, the 92-year-old building is located at the southeast corner of Hoyne Avenue and Race Street, just north of Grand Avenue.
Guardian Capital is the same team behind 50 townhomes under construction at the former Phoenix Fasteners site near the CTA Western Blue Line "L" in Logan Square.
Duggan's zoning attorney, Rolando Acosta, said that the property is made up of eight city lots.
Currently the 17,590-square-foot lot has an industrial zoning.
"The lots are a little narrow and short. To get a good sized home you need a little more floor area ratio," Acosta said.
Expected to be sold by the end of March, the building will be demolished and construction on the homes would start in the fall at the earliest, Acosta said.
A new neighborhood group, the West Town Neighbors Association (WTNA), which encompasses parts of the 1st and 26th wards, plans to discuss the homes at its quarterly meeting at 6:30 p.m. Thursday.
Held at the Ukrainian Cultural Center, 2247 W. Chicago, the meeting will also include Ald. Roberto Maldonado (26th), the group said. The meeting is for residents who live between the boundaries of Damen and Western avenues to the east and west, and Chicago and Grand avenues to the north and south.
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