REJournals

Lawrence House to open its doors after multimillion-dollar renovation

Uptown’s historic Lawrence House, which serves upscale housing to the arts and entertainment district at 1020 W. Lawrence Ave., will open its doors June 16 after an extensive renovation process that began in 2013. Crain’s reported last year that the project was totaled at $15 million Read More…

Curbed

River North Rental Project Shows Early Signs of Life

Last summer, Cedar Street Co. announced plans to acquire 676 N LaSalle for $12 million and convert the vintage structure into a new FLATS-branded micro-apartment development. Though the project has since changed to non-micro units, the site is showing promising signs this week with the presence of soil testing equipment at the southwest corner of Huron and LaSalle.
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Splash Chicago

A TRIBUTE TO JAY MICHAEL

Jay Michael was a man with impeccable style and dazzling wit, equally at home holding court at Hermès (where every staffer knew him) as a Vietnamese restaurant in Uptown (which he delighted in introducing to his downtown friends). He was an open book — or more literally, an open blog.
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Bisnow

JAY MICHAEL’S LEGACY

The tributes continue to pour in for Cedar St co-founder Jay Michael, who died last Friday after a year-long battle with non-Hodgkin lymphoma at age 34. Cedar St co-founder Alex Samoylovich, who was friends with Jay dating back to their childhood days in Skokie, says Jay was a visionary who only saw possibility and was steadfast in bringing his ideas to life.

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Curbed Chicago

Glassy Addition Planned for River North Apartment Proposal

Cedar Street Companies, one of the city’s busiest developers, is looking to add a glassy new addition to a River North office building that it acquired last year. This week, a rendering of what appears to be a seven-story addition planned for the vintage building at 676 N. LaSalle surfaced on the development-watching forum skyscraperpage.com.
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Curbed Chicago

Historic Bush Temple of Music to Get 15-Story Tower Addition

This week’s Chicago Plan Commission was an important one as several major proposals were presented, including the redevelopment of the historic Bush Temple of Music and a 15-story tower that would be attached to it. Developer Cedar St. Cos. acquired the building in 2014 and announced last year that it would be transforming the former piano factory into a mixed-use residential and retail project.

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DNAinfo

Baker and Nosh Cafe To Take Over Former El Norte on Ridge Avenue

EDGEWATER — Uptown’s quaint Baker and Nosh cafe and restaurant is soon to fill the store at 5600 N. Ridge Ave. in Edgewater left behind by El Norte, a representative for the property confirmed Tuesday.

The neighborhood restaurant offers homemade breads, soups and teas, along with the options for outdoor seating during warmer months and a BYOB policy.
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DNAinfo

Look Inside Wicker Park Apartments Untouched Since 70s

WICKER PARK — The manager of a vintage-inspired camera shop on Milwaukee Avenue that’s located at the base of an apartment building untouched since the 1970s got a peek into the structure’s history on Thursday.

The apartments have mustard green and white doors, with wallpaper adorned with roses, according to images posted to Piper Robbins’ Instagram.

“It feels almost like someone was getting ready to go to work one day, but never came back home,” said Piper Robbins, owner of the Emulsion Gallery and Lomography Embassy Store, 1422 N. Milwaukee Ave.
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Crain’s Chicago

Apartments coming to Salvation Army site on West Side

One of the busiest apartment developers in the city is cooking up another deal on a Salvation Army property in West Town.

Chicago-based Cedar Street has agreed to buy the property at Ashland Avenue and Monroe Street, where it plans a mix of apartments and retail space, Cedar Street Managing Partner Alex Samoylovich confirmed.

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Curbed Chicago

Cedar Street Closes on Historic Otis Loft Timber Warehouse

Developer Cedar Street is staying fastidiously busy as a force in the preservation of historic and significant real estate. Their latest acquisition (of a total of five) is no exception.

They now own the Loft Timber Warehouse, a property constructed between 1900 and 1905 by the Otis Elevator Company.
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Curbed Chicago

FLATS Developer Commits to Purchasing Old Salvation Army Freedom Center Campus

The Salvation Army’s old Freedom Center complex on the Near West Side has found a buyer. According to Crain’s, developer Cedar Street Cos. has agreed to purchase the three acre campus and its buildings. While the sale price is still unknown, insiders tell Crain’s Alby Gallun that the cost could be somewhere in the neighborhood of $20 million.

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Curbed Chicago

Three New Residential Projects Underway on Busy Clark Street

The stretch of North Clark Street between Chicago and Chestnut is abuzz with activity as not one but three unique developments differing in scale and style are set to transform the area. Whether you’re looking for a luxury high rise, tony townhomes, or repurposed historic micro-apartments, this stretch of Clark will soon have a variety of new residences to choose from.
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Curbed National

The Micro Housing Development Boom Across the U.S., Mapped

The pronounced swing back towards urban living, and the renewed fervor for downtown development, has only made our cities more dense, making the search for cheap housing that much more challenging. While mayors across the U.S. have called for more affordable housing (in New York, both Bloomberg and De Blasio have said it was imperative the city offer more low-rent options), many developers have decided the solution to density and affordability is downsizing and designing smaller units.
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WFC NEWS

Chicago-based developer jumps on micro-living train by remodeling old buildings

Call it the urban, apartment-dwelling version of the tiny house trend: Little spaces for living in Chicago are making it big.
Big players in this arena are developers like Jay Michael and Alex Samoylovich, co-founders and partners of CEDARst.
The Chicago-based concern is the holding company for a range of businesses, including hospitality, entertainment, and several venture start-ups. According to Crain’s Chicago Business, CEDARst owns more than 2.5 million square feet in Chicago, with about a third of that owing to the micro apartment Flats Chicago brand.
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DNAinfo Chicago

Historic Otis Elevator Warehouse on 15th Street Could Get 92 Apartments

UNIVERSITY VILLAGE — A developer plans to transform an historic 15th Street warehouse into more than 90 apartments in University Village. Uptown-based developer Cedar Street recently closed on the Otis Loft Timber Warehouse building, a 130,000-square-foot vacant building at 1401 W. 15th St. near Addams/Medill Park. The developer plans to convert the warehouse into 92 apartment units.
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