Month: July 2016

Southport, Lincoln and Wellington development including an American Mattress store

Construction is underway at 1356 W. Wellington in what will become a new mixed-use retail and apartment development, and now we are hearing that an American Mattress store will fill one of the retail locations on the west side of the building. The parking lot to the north will be developed into 11 residential units.  

The original rendering portrayed a Potbelly, but the developer said it was just for show and Potbelly was not signed as a tenant. They are still in the process of finding a tenant for the east side of the building.  

Rendering of 1356 W. Wellington from DNA Info Chicago

From our blog post in 2015:

From Crain\’s Chicago Business, a mixed-use development is coming to the former Herdegen-Brieske Funeral Home with about 10 apartments and full retail on the first level.

\”A venture led by Chicago-based developer Stonestreet Partners bought a former funeral home in Lakeview that it plans to redevelop into retail space and apartments. Stonestreet paid $3.8 million for the Herdegen-Brieske Funeral Home property at the northeast corner of Lincoln, Southport and Wellington avenues, a 12,500-square-foot building on 0.33 acres, according to a statement from Mid-America Real Estate, the Oakbrook Terrace brokerage that sold the property. Stonestreet CEO David Trandel said he aims to keep the brick building, which dates back to 1918, and find a retail or restaurant space to lease its street-level space. Trandel, who is teaming up on the project with Barrington apartment developer Rick Cavenaugh, also plans to redevelop the property with about 10 apartments. Mid-America Principal Paul Bryant and Vice President Andrew Becker represented the seller, the Herdegen family.\”

And more from the Chicago Sun-Times, apartments will rent between $2,500 to $3,300 per month, and national retail tenants are eyeing the spot for it\’s prime location.