Sherman Associates moves ahead with project for former Reserve site

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June 22, 2012 by Sarah M

// By Sarah McKenzie //

NORTH LOOP — Sherman Associates is moving ahead with a five-story, 125-unit apartment development at the site of a long-stalled condo project called the Reserve.

The developer presented conceptual drawings of the project to the North Loop Neighborhood Association’s Planning & Zoning Committee on June 20. The committee endorsed the plan, which will be reviewed by the full North Loop board next week, said board member Karen Lee Rosar.

“My condo directly faces this site,” she said. “I am looking forward to the development of this parcel.”

The development site at 324 1st. N. is adjacent to the Cedar Lake Bike Trail and just a block from West River Parkway. It has been a paralyzed construction site since 2003 when work on the Reserve condo project halted because of litigation.

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