A long-vacant parcel at the southeast corner of Swan and Chicago streets is in line for residential and possible commercial development. Swan Chicago LLC purchased vacant parcels located at 425 Chicago and 275, 279 and 281 Swan Street for $120,000 on March 18 from Maria Cipriano. The .39-acre site is just north of Chef’s restaurant.
Swan Chicago LLC was formed by a group of local partners including Alexander Burgos to oversee the acquisition and future development of the parcels. The site would be remediated through the NYS Brownfield Cleanup Program and a phased development approach is planned that would begin with for-sale residential townhomes with the potential for a mixed-use component with commercial space and residential units in a second phase.
“This is a great opportunity to take a long-vacant site and put it back into productive use,” said Alexander Burgos, principal of Swan Chicago LLC. “I grew up less than a block from this location, so it’s a project that carries personal significance for me. We’re focused on creating quality housing and approaching the site with a long-term perspective.”…