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High Traffic Ridge and Bryn Mawr Corner Could See New Tenant Soon

Ridge-3

Photo Credit: Cedar St.

Progress is afoot at the corner of Ridge, Broadway and Bryn Mawr in Edgewater. Six apartments and one ground floor retail space at 5600 N. Ridge Ave. have now been renovated.

Christine Lock Bachman, a publicist for Cedar St/FLATS, said the company purchased the property for $1.125 million from 5600 N. Ridge LLC, a private individual seller, on June 25, 2014.

The company completely gutted the interior, which now includes six occupied residential units with granite countertops, washer and dryer, and more. The apartment renovations began in October 2014 and were completed on June 5, Bachman said. 

Ridge-1

Rendering Credit: Cedar St.

The apartments sit above the ground floor retail space that is currently unoccupied but had been the site of El Norte, a Mexican restaurant that closed unexpectedly in 2012.

Dan Luna, chief of staff for 48th Ward Alderman Harry Osterman, said on Nov. 5 that he believes Cedar St/FLATS is very close to signing a lease for the ground floor very soon. 

“I’ll let Cedar St. make the announcement on the new tenant when it’s time,” he said.

Cedar St/FLATS is a subsidiary of Cedar Street Companies, a diversified holding company headquartered in Chicago with major interests in real estate, hospitality, entertainment and a number of venture start-ups, the company’s website said.


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