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The Chicago Plan Commission at its Feb. 16 meeting unanimously approved the proposal. The City of Chicago is selling about half of the 39,000-square-foot site for $1 to the project developer, the Mega Group. In 2006 the city paid $1.46 million for the land, which now is worth about $530,000.

The planned development ordinance for the site allows construction of a four-story building with 9,990 square feet of commercial space, 39 apartments and 41 interior parking spaces to be constructed at the southwest corner of Lawrence and Laramie. A 21-space parking lot would be built at the southeast corner of the intersection.











