A long-discussed plan to redevelop a blighted parking lot in Chicago’s Jefferson Park neighborhood is finally ready to put shovels in the ground. Yesterday, the City of Chicago issued the four-story, mixed-use development at 5201 W. Lawrence Avenue a new construction permit estimated at $8.5 million.

Slated to contain roughly 10,000 square feet of commercial space, 41 interior parking spaces, and 39 rental apartments, the structure comes from developer Mega Group and Gurnee, Illinois-based design firm Archamerica, Inc. The two companies are also teaming up on a planned 16-story, 114-unit development at nearby 4849 N. Lipps Avenue.

In addition to the soon-to-rise building at Lawrence and Laramie, the developer will revamp an adjacent lot between Laramie and Avondale avenues with a new public plaza and 21 parking spaces. The Northwest Side development was first unveiled in mid 2015 and was eventually approved by the Chicago Plan Commission this past February.