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Shoreline Apartments Gets Permits To Start $14 Million Makeover

By Sam Cholke | May 15, 2017 5:05am
 A developer is planning a $14 million update of the Shoreline Apartments building.
A developer is planning a $14 million update of the Shoreline Apartments building.
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DNAinfo/Sam Cholke

SOUTH SHORE — The largest vacant building in South Shore is about to start getting a makeover from condos into twice as many apartments.

Zidan Management Group has the first permits in hand now to start work on converting the Shoreline Apartments, 2231 E. 67th St., into 100 apartments.

The first permit for the $14 million rehab project is to complete $405,000 of demolition and to remove the pipes that froze and broke, prompting a string of building code violations that eventually sent the building into receivership.

Zidan Management is planning to convert the building into 100 apartments renting for $799 for a studio, $999-$1,299 for a one-bedroom and $1,499 for a two-bedroom.

“It’s going to be a market-trend property, there won’t be any affordable units. There’s nothing else like it on the market,” said Ayman Assaf, the chief financial officer for the developer at a 2016 meeting first presenting the project.

The 15-story building overlooks Jackson Park golf course, which the Chicago Park District wants to renovate and combine with the South Shore golf course.