24/7 Howard Watchers has a story on the story.
If you haven't already, check out the comments from Greenleaf Girl. She paints quite a picture. Oh what a mess we have brewing. But where's Alderman Moore on this matter? Ever wonder if any of these players have given the Alderman a campaign contribution?
4 comments:
Thanks for posting. I ask that anyone who sees a zoning notice psoted around the neighborhood to palse post. Thanks!
I don't have any answers for you but I may have another possible contact.
These guys are under deeper cloak than Harry Potter under his fancy security blanket.
1640 W Fargo (PIN 11-30-412-002) was sold 6/15/05 from 1640 West Fargo LLC to Fargo Properties LLC for $775K. On 8/15/05 the new owners took out a second mortgage for $2,306,228 loan, looks like seed money for some kind of development (oddly this loan was not recorded until 2/08/06, for six months!)
Cook County Recorder of Deeds
Fargo Properties LLC's official office of record is a box in a UPS store:
47 W DIVISION #371
CHICAGO 60610
(312) 943-6260
Illinois Secretary of State
Here's the "new" owner's (Fargo Properties LLC) lawyer if it comes to that:
Joseph D. Palmisano
19 S La Salle St Ste 900
Chicago, IL 60603-1401
(312) 782-3967
> allow the subdivision of 1 lot to 2 lots. The existant 6 dwelling unit building to remain and a new 4 story 3 dewlling unit Bldg.
This property has street front on Fargo and Rogers. Best we can tell the plan is to convert the existing building and to add a new construction building on the Rogers side.
> How will the addition of new units affect the parking
Converision project
Condo conversions do not have parking requirements. A converison is supposed to preserve existing parking but is not required to provide any that is not already there.
In this case it could be argued that we losing parking to the extent that the current tenants park out back on the Rogers side, where the new building is planned. The developer is getting the Rogers side declared a separate lot from the building so that he is not required to maintain it as parking when he converts. (The existing rental building will have no parking).
New construction project
One attraction of this property to developers is that it is close to the EL and so is eligible for discounts on the parking requrements for new construction.
> ... peaceful, quiet, happy little street. How will the construction affect it? ... what impact will that have on the lives of the current residents?
Moore is strongly in favor of high-density development near our train stations. With his support for campaign contributor Kopley's plan for no parking in the Pivot Point condo conversion project, Moore demonstrated his willingness to give a pal a complete by on required parking.
> What business is slated to go into the first floor?
It is not at all clear that ANY business will go in on the first floor. Mixed use don't mean what is used to. In B districts, it is now the developer's discretion as to whether to put retail or residential on the ground floor. In most cases, selling the first floor as a residential condo helps the developer get out of a project quicker.
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