At the meeting, representatives for MCZ will review plans for the demolition of the Wing Hoe mansion and construction of a proposed rental development. The lot at 5356 N. Sheridan has been home to the Wing Hoe restaurant since 1971. Reportedly, in order to make way for construction, the owners of the lot proposed a renewal lease with Wing Hoe that made it virtually impossible to stay open for business at the location.
At the meeting MCZ Development is expected to present renderings of the new building. It is expected to have a brick and glass facade structure. There will be 41 one-bedroom and 9 two-bedroom rentals all varying in size and shape per floor, along with 20 parking spaces.
MCZ took ownership of the property on January 22, and have been in the process of changing the zoning from a B3-3 to a transit-oriented development project B2-3 which is needed for an all-residential building and would preclude the presence of any commercial space such as a restaurant. The Park Tower meeting is part of their disclosure efforts to the public, meant to raise awareness and help secure the approval necessary for the zoning changes. The developer would like to get going this year, but will need to secure the zoning adjustments and required permitting to make that happen.
A representative with MCZ recently told Edgeville Buzz,“One of the things that the architects put some real thought into was how to distinguish ourselves as new construction as opposed to the taller, older structures nearby….We tried to do something that fit on our side of the block, but also was a little newer in terms of concept. We feel like we did a good job trying to fit new construction into an existing community.” (Click Here For Source)
On Monday night, MCZ’s reps are expected to present the current development plans, answer questions and address concerns for owners and residents of Park Tower and those at neighboring buildings. By request of the Alderman’s office, nearby communities have been invited to participate since the construction and presence of the new building impacts the surrounding neighborhood.