chicago-condos Dave on 21 Nov 2007 09:34 pm

Settlement House to be converted into condos

The historic Chicago Commons Settlement House has been saved from demolition.  A local Chicago developer has stepped up to transform the building into luxury condominiums.

Alex Pearsall, head of 955 Grand Adventures LLC, received approval for the project from the Chicago Plan Commission.  The building, located at 955 Grand Avenue will offer a total of 28 condominiums upon completion.

Plans call for three bedroom condominiums, with floor plans averaging around 1,700 square feet.  Prices will start in the low $400s for the condominiums.  Five townhouses will also be available at the Settlement House site.  These units will offer a larger floor plan, with 2,700 square feet of total living space.

Plans also call for four affordable housing units at the site.  Buyers who qualify for the program through the Chicago Partners for Affordable Neighborhoods can choose from one and three bedroom condominiums.

The historic building was home to a Pacific Garden Mission.  When the mission moved to its new location, many local residents feared that the historic building could be lost to a new development.

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