As recently reported on Chicago Architecture, architecture and planning firm KTGY and Anexis Development have joined forces to develop the former home of Muhammad Speaks at 2548 South Federal Avenue into a mixed-use building. This is one of the first significant projects undertaken by the Chicago-branch of KGTY since the California-based firm expanded into the Midwest with new offices around a year ago.
Initial plans look to develop around 12,0000 square feet of retail space on the building's first two floors, and then repurpose the floors above for use as residential property. The provisional name for the development is 'Federal Street Lofts', although it wouldn't be a surprise to see this change as the project developments.
Most usefully for this project, media coverage of the development also included newly released architectural drawings of the site, providing a more in-depth look at its exterior and interior design. See an external shot of the building and an internal plan of the third floor below, or click on the link above for more plans.
It will be interesting to see how much demand there is for new condominiums and retail space around the Stevenson Expressway corridor. Development on the Loop and the Near South Side has rebounded impressively from the Recession, although as of yet this hasn't filtered down to Douglas and Bronzeville. Situated close to the I-94 and within ten minutes walk of both Chinatown and McCormack Place Metro stations, its possible the project could usher in further development.