A new residential complex that includes two six-story buildings has been proposed for a parking lot at 5235 Chestnut Street. The buildings would include 204 units, 41 of which are designated as affordable housing, with rental prices starting at $700 per unit. Both buildings would also include some commercial spaces on the ground floor.
One, smaller building, will include 33 residential units and will be on Chestnut Street, and the other – with 131 units – will be located along Ludlow Street, according to the proposal (see rendering below). The complex will also include bike parking spaces and various amenities, including a gym.
The building site is zoned CMX‐2.5, which means that the project is 100 percent by-right and requires no zoning variances. However, due to its size, the project has to be reviewed and approved by the City’s Civic Design Review (CDR) commission.
The full application for this project, submitted to the CDR, can be viewed here.
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