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Meeting Could Decide 5757 Ridge Building’s Future, Could Become Banquet/Event Hall

The building that sits on the high-traffic corner at 5757 Ridge has been used in many ways through the years. Now, the current owner wants to re-use the property as a banquet hall and event space.

Originally built in 1922 as an auto showroom, the building proceeded to house several different car dealerships and auto services garages through the years.

In 2007, local artist Rosario Rosi bought the building with hopes of it to become an anchor to a new art community. He had great hopes for the building and is rumored to have poured 2.2 million into the property. Unfortunately, the 2008 real estate crash dried up the money and Rosi’s dream art space came to an end.

The building sat vacant for years until the property went up for auction in 2014. Eventually, the building was bought by Kiki Stamelos in 2015. This past June, work permits were issued to turn 5757 Ridge into a banquet hall and event space. According to Stamelos, Alexis Frankfort is behind the possible new venue. Frankfort is the owner of a shared-use kitchen called Kitchen Chicago at 324 N. Leavitt.

The building grandly sits on 5886 square feet on Ridge Avenue with premiere visibility. The building itself is composed of 12,000 sq. ft. spread across to large open floor plans. Highlights include a grand, two-story atrium entrance, expansive gallery with arched, truss roof and over 40 central skylights, custom-designed, open steel stairway, large freight elevator with 6,000 lb capacity, extensive radiant heating system, and versatile 12′ rear drive-in door.

Stamelos told DNAinfo that they have tried very hard to find a tenant for the property. Many people considered it, but the space was ‘very unique and particular, and somebody has to have usage for the whole thing.’

A community meeting that will be conducted at 6:30 p.m. on Aug. 15 at 5757 Ridge. The event is being held by Frankfort and Alderman Harry Osterman’s office to go over the potential use of the space. They are seeking resident’s approval for a new business license that will allow the venue to use live performers and charge admission.

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