New Construction Permit - 15 Units In West Town

A new construction permit has been issued for a 15 unit residential building at 469 N Paulina St. in Chicago.  The owner is listed as Grand Avenue Development Group LLC which appears to affiliated with Mokin Development.  It isn't confirmed whether this building will be condos or apartments but Mokin has several other condo and single family home developments in the area, so my money is on condos.

The site, on the corner of Grand and Paulina, has been a somewhat gritty part of West Town that only recently has gotten the attention of some developers (post crash).  A partnership known as Mcinerney & Mcbrearty JV recently completed an 8 unit condo building at 1617 W Grand with 3 and 4 bedroom units starting in the $500's.  Five of the units are listed for sale on the MLS.  There doesn't appear to be a lot of traction with these condo sales just yet.

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