A new five-story mixed-use building is being proposed for 1215 West Belmont Avenue in Chicago’s Lakeview neighborhood, replacing the former Stage 773 theater space. The project is being led by JAB Real Estate, with architecture and design by Moth Architects.
Project Overview
The proposed development will rise to approximately 78 feet and include:
- 40 two-bedroom residential units across the upper four floors
- 8 of those units designated as affordable housing
- Ground floor retail space totaling about 2,200 square feet
- Amenities including a fitness center, bike storage, and a rooftop deck
- Private outdoor space for each unit in the form of balconies or decks
- A 24-space rear parking garage accessed from the alley
The design aims to integrate seamlessly into the neighborhood, with a brick façade and a street-level presence that supports walkability and local retail activity.
Location and Accessibility
The site sits between Racine and Lakewood Avenues on the north side of Belmont Avenue. It qualifies as a transit-oriented development, located less than a quarter-mile from the Belmont CTA station and near multiple bus routes. This makes it especially attractive for residents seeking car-optional living in a vibrant, walkable part of the city.
Rezoning and Timeline
The project requires a zoning change from C1-1 to B2-3 to allow for increased height and density. It will go through the standard approval process involving the local alderman, the zoning committee, and City Council. No construction timeline has been announced.
How This Fits Into Current Development Trends
1. Transit-Oriented, Walkable Growth
Lakeview has seen a steady increase in mid-rise, mixed-use buildings near transit hubs. These developments cater to demand for car-free living and support sustainable urban planning. Proximity to CTA stations has become a key driver for new residential construction, often allowing reduced parking requirements and added density.
2. Emphasis on Affordability and Inclusion
City leaders and community groups have prioritized affordable housing in new developments. Including 8 affordable units out of 40 demonstrates a growing expectation that developers contribute to long-term neighborhood affordability, even in high-demand areas like Lakeview.
3. Contextual Design Over High-Rise Density
Recent projects in Lakeview have leaned toward moderate scale, community-friendly architecture rather than large towers. Developers are responding to community concerns about overdevelopment by proposing buildings that align with existing neighborhood height and density.
4. Hybrid Use of Residential and Retail
There is a consistent push for buildings that combine housing with ground-floor retail. This supports local businesses and keeps street life active throughout the day. The Belmont Avenue corridor, in particular, is well-positioned for these types of developments due to its established mix of commercial and residential use.
5. Investment Driven by Infrastructure
With major transit upgrades underway across Chicago, areas like Lakeview are seeing renewed development interest. Improved reliability and capacity on the Red and Purple Lines further encourage growth in areas adjacent to transit.
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