I don’t normally pay mind to single-family development. I like the big stuff. The tall stuff. The expensive stuff.
Well, here’s a single-family home that fits into all three categories. Back in March, Dennis Rodkin at Crain’s was all over the news of a permit being filed for a home to be built at 455 West Superior Street in River North. What makes this home so unusual? Let’s have a look at that permit, filed by the City of Chicago on March 1, 2016.
- It’s a five-story, single-family home. That’s a tall home.
- The permit estimates construction costs at just under $10,000,000.00!
- THERE WILL BE CAISSONS! This is gonna be one *heavy* home. (Yeah, no basement. I guess the game room will have to be on one of the five above-ground floors.)
- Power Construction is the general contractor. That’s a heavy hitter for your home building.
Not much has been done since March, until now. When I walked past on Thursday, I saw the first signs of active construction since the permit. Scraping and digging. Just like they do for skyscrapers. This will be an interesting home to watch go up.