Montrose Green is a new mixed-use, parking-lite building proposed for a vacant lot at 1819 West Montrose in Ravenswood. The location has all the transit access you could ask for in a development. The parcel sits just west of the Brown Line’s Montrose station, and is served by the #78 Montrose and #50 Damen buses. There’s a Divvy station across the street, and Metra’s Ravenswood stop is three blocks north. The lot sits on a bustling pedestrian-oriented retail strip, full of shops, restaurants, bars, and cafes.
Developer Harrington Brown plans to take advantage of the prime location, and Chicago’s 2013 transit-oriented development ordinance, to build a five-story building with 24 rental units and 10 parking spaces. That’s far below the city’s standard requirement of a 1:1 ratio. “People are seeking opportunities to live, work, shop, and dine near transit hubs,” said Harrington Brown owner David Brown. “This approach reflects where we are as a society — not every single renter has a car or needs a car.”
The building would mostly be made up of one-bedroom apartments, with a few two-bedroom units. The 5,300 square-foot ground floor space would likely be leased to a restaurant. A 3,000 square-foot, penthouse-like structure on the 5th floor is planned as office space for tech startups and other innovative small businesses. The developer hopes to start construction next spring.
Harrington Brown purchased the land during a CTA auction five years ago, during the depths of the Great Recession, and Brown said it was his intention to hold onto the property until the real estate market improved. In the meantime, the space has housed the Montrose Green community garden, as well as events like an outdoor Irish Christmas market, held last December. “That turned out to be more of a Polar Vortex street party,” he joked.
Brown said he’s not a developer by trade, but comes from a public policy and urban planning background, and that his strategy for the new building reflects his planning philosophy. “What we’re finding in neighborhoods today is that the demand for parking among renters is much lower than what was previously perceived,” he said. “If we’re wrong about that, we won’t be successful in renting the apartments.”
Typically, Chicago parking requirements mandate the construction of at least one parking spot per residence. The city’s TOD ordinance relaxes the rules near transit, requiring developers to provide one parking spot for every two housing units in buildings within one full block of a transit station, or within a two-block radius on designated Pedestrian Streets. Harrington Brown is also taking advantage of a provision that allows developers to apply for a variance to reduce the number of spots by an additional 20 percent. The 10 spaces would be located behind the building.