Uptown in the News
August 3, 2003
A developer has revealed plans to build a 131-unit complex of condominiums and townhouses and ground-level retail space on the site of the Rainbo Gardens Building at 4812-36 N. Clark St.
The building is owned by Rainbo Homes II LLC, a partnership of Skokie-based Metropolitan Development Enterprises Inc. and Chicago-based Sapphire Development LLC. Metropolitan Development is acting as the developer, according to Paul Hardej, president of Metropolitan.
The developers revealed their plans at a community meeting called by Ald. Helen Shiller (46th) at St. Augustine College in Uptown.
The project will go up on 2 acres with 360 feet of frontage on Clark Street. Its condos will range from 1-bedrooms with 800 square feet to 1,400-square-foot 2-bedroom units with dens. Base prices will start in the low $200,000s, the developer said.
Hardej told local residents that his current plan is to make at least 10 percent, and possibly as many as 20 percent, of the units affordable under the Chicago Department of Housing's Chicago Partnership for Affordable Neighborhoods program.
The complex will consist of two L-shaped, 5-story buildings of 44 condos each. The buildings will flank an interior court. Completing the court will be four 4-story walkup buildings with six units each, and 15 3-story townhouse–style buildings.
Hardej said that 10,000 square feet of retail space planned for the project will likely include a café with outdoor seating. He said he will widen sidewalks and landscape the front of the project. Construction of the residential project is expected to begin next spring.
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