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Plans For Senior High-Rise Building On Sheridan Tweaked; New Meeting Set

By Linze Rice | January 10, 2017 5:32am
 The newest rendering for a proposal at 5440 N. Sheridan Road.
The newest rendering for a proposal at 5440 N. Sheridan Road.
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Ald. Harry Osterman

EDGEWATER — A senior high-rise building proposed along a portion of Sheridan Road that has been waiting to be developed for a decade has had a few changes made to its most recent plan — including a fewer number of apartment floors and units. 

Greystar, the developer behind the Overture Edgewater Beach project at 5440 N. Sheridan Road, shaved off two stories of the proposed 18-floor building and reduced the number of units from 186 to 174. 

Other changes include minor tweaks to the development's exterior, mainly to the front portion of the building at the southwest corner of Sheridan and Catalpa by adding windows and a more cohesive brick type and color that matches the rest of the structure.

Ald. Harry Osterman (48th) will hold a meeting on the proposed development at 6:30 p.m. Jan. 19 at St. Andrew's Greek Church, 5649 N. Sheridan Road.

The site was set to be developed as the Bluewater Project in 2007, but the idea fell through as the market crashed and later expired.

In the last few years, Greystar has stepped into pitch several iterations of a high-rise development and announced plans to make it a senior living community in summer 2015. 

Ten percent of the units would be made affordable in accordance with city housing laws. 

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