The building’s exterior will complement the neighborhood’s historic architecture with a mix of masonry,
stone and glass. At the ground level, welcoming neighborhood restaurant and retail experiences will capture the small-town feel of this friendly community set in the heart of a bustling metropolis.
Boutique residences: 89 elegant, modern rental apartments will be ideal for professionals and families looking to put down roots in the Gold Coast neighborhood.
Mid-sized: At 12 stories and less than 135 feet tall, 1212 N. State will be shorter than most surrounding buildings, while remaining in line with the overall scale of surrounding buildings and celebrating the
eclectic feel of the neighborhood.
Parking: The building will include 32 fully enclosed garage parking spaces concealed behind the retail facade.
Sustainability: Nearly 8,000 square feet of planted roof space and sustainable design features will exceed the City of Chicago Green Initiative guidelines. More than 3,000 square feet of interior amenity space and 15,000 square feet of outdoor amenity space (including a partially covered private dog walk) will reduce the neighborhood impact of the property.
Safety: The current condition of the vacant properties at this location detract from the vibrancy and safety of the Gold Coast community. The presence of new, active retail space, residents, modern security infrastructure and on-site staff will enhance area safety.
Tax revenue: 1212 N. State is expected to generate more than $400,000 in additional local tax revenue.
Inclusive hiring: Newcastle is committed to hiring local minority- and women-owned businesses from the tremendous pool of diverse talent in the Chicago area.
Community improvement: By replacing 30,000 square feet of mostly vacant commercial space with 11,000 square feet of new restaurant and neighborhood retail uses, 1212 N. State will reinvigorate the Division Street corridor.
Neighborhood feel: The addition of a mid-sized building and space for approachable retail and restaurants will maintain the eclectic character of the streetscape.
Zoning: No zoning change is required for this project.
Timing: Demolition is expected to take place in the winter of 2019. Construction is anticipated to begin in the third quarter of 2021 and end by early-2022.
Planning: Close collaboration with the city will result in a construction staging plan that will minimize disruption.
Funding: Newcastle will receive no TIF funding or tax breaks for this property.
Newcastle Limited is a real estate investment firm that acquires, develops and owns urban retail and multifamily properties in Chicago’s most vibrant and popular neighborhoods. Over 20 years, Newcastle has built a track record of success and customer satisfaction as long-term owners and operators of buildings such as the State and Chestnut apartment property and as developers of successful neighborhood shopping corridors, including Clark Street in Andersonville, Milwaukee Avenue in Bucktown/Wicker Park, and Damen Avenue in Bucktown/Wicker Park.
ABOUT RESIDE LIVING
Reside Living is Newcastle Limited's cutting-edge owner and manager of residential properties in Chicago. Reside is committed to providing a memorable renting experience in the neighborhoods where our residents live.
FREQUENTLY ASKED QUESTIONS
What is the timeframe for the development of 1212 N. State?
Construction is anticipated to begin in the third quarter of 2021 and end by early-2022.
Is the developer getting any TIFs or tax breaks to build this property?
Newcastle is receiving no TIF funding or tax breaks for this property.
Will this project require a zoning change?
This project does not require a zoning change.
How will construction impact traffic?
During construction, we will work with the city to develop a plan to minimize disruption.
In addition, 1212 N. State will feature neighborhood retail rather than destination retail, so we do not anticipate an influx of out-of-neighborhood shoppers.
What will be the construction access points?
We will work very closely with the city to develop a staging plan that allows us to build quickly while minimizing traffic.
How tall is the proposed building?
At 12 stories and less than 135 feet tall, 1212 N. State will be shorter than most surrounding buildings while remaining in line with the overall scale of the surrounding buildings and celebrating the eclectic feel of the neighborhood.
Will this building be condominiums or apartments?
1212 N. State will offer modern, upscale rental residences for professionals and families that wish to put down roots in the Gold Coast neighborhood. This approach reflects recent trends of professionals moving away from owning and toward long-term renting. We look forward to building on our success as long-term owners and operators—as we have been at our nearby State and Chestnut apartment property—and building a vibrant, stable community of long-term renters at 1212 N. State.
What is the mix of unit sizes?
Careful demand analysis of prospective renters has shown that this neighborhood attracts older, more affluent residents who enjoy frequent travel and a variety of life experiences and who prefer to rent small accommodations as opposed to larger units. The current plans for the building include a balanced mix of units, including 54 one-bedrooms, 22 studios and 13 two-bedrooms.
What green space will residents have?
Nearly 8,000 square feet of planted roof space and sustainable design features will exceed the City of Chicago Green Initiative guidelines. More than 3,000 square feet of interior amenity space and 15,000 square feet of outdoor amenity space (including a partially covered private dog walk) will reduce the neighborhood impact of the property.
Where will cars enter the parking garage?
After receiving direction from the Chicago Department of Transportation and the Alderman’s office, we have determined that the parking garage entrance will be accessed from the alley.
How much tax revenue will this building generate?
The presence of this building is expected to generate an additional $400,000 in tax revenue for the city.
How many MBE/WBEs will you have on this project? Will you hire from the surrounding community?
Newcastle is committed to hiring local minority- and women-owned businesses. We look forward to engaging and elevating local small businesses and drawing from the tremendous pool of diverse talent that exists in the Chicago area.
How will this development impact the neighborhood?
The current condition of the vacant properties at this location detract from the vibrancy and safety of the Gold Coast community. The presence of new, active retail space, residents, modern security infrastructure and on-site staff will enhance area safety.
What have you done to maintain the elegance and character of the Gold Coast neighborhood?
Newcastle worked closely with the Department of Planning to ensure that the resulting height, façade, materials and design elements all remain authentic to the existing context of the neighborhood. This collaboration has resulted in a many-months process of continuous refinement that has led to an improved building design.
What is Newcastle doing to preserve or create a treelined streetscape?
On Division Street, the sidewalk will be widened and three new trees will be added where none currently exist. On State Parkway, we will replace three small trees with three larger trees in a landscape island. One existing medium-sized tree will be replaced with a similarly-sized tree. The exact trees and species will be selected by the City of Chicago Department of Transportation.
What type of retail is Newcastle seeking?
Newcastle is in active discussions with smaller neighborhood retail and restauranttenants. Newcastle is not new to retail in Chicago and fully understands the elements that create success and resilience over the long-term, as our track record has proven in retail shopping areas such as Andersonville, Bucktown/Wicker Park, and Fulton Market.
What kind of dining options is Newcastle pursuing?
Newcastle is working with its retail brokers and a network of restaurateurs to explore interest in modestly priced neighborhood dining options that fill a gap in current local offerings.
Will you provide bike racks?
Bike racks will be provided for public use on State Parkway.
Will this project increase street congestion in the area?
The building includes 32 fully enclosed garage parking spaced concealed behind the retail
facade. This provides parking for 35 percent of the units, an approach that is consistent with
the City of Chicago’s Transit-Oriented Development policies and which has been successful
in Newcastle’s previous residential developments.
How have you engaged neighbors in this process?
Newcastle has enjoyed working with the Gold Coast community and the Alderman in the process of seeking approval of the project at 1212 N. State. Our first community meeting, held in April at the Sofitel Hotel, was well attended by residents from the neighborhood. The project discussion addressed questions about everything from design and transportation to traffic and sunlight exposure. Our second community meeting, held in August, offered an “open house” format in which neighbors were invited to tour various stations and speak one-on-one with experts and with the Alderman. We continue to welcome feedback and questions at 1212nstate.com and will continually update this FAQ with new information as it becomes available throughout the construction process.