CHICAGO-A joint venture of Starwood Capital Group of Greenwich, CT and locally based Madison Realty Group Inc. has filed plans to build a new four-story apartment building in Logan Square.

The firms have filed a zoning application with the city for the project to be located at 2489-2505 N. Milwaukee Ave., according to a published report. The building would feature 39 units and replace an existing 18,000-sf vacant lot. The published report states that the joint venture gained ownership of the property in November via a judicial sale.

Representatives of Starwood Capital and Madison Realty would comment on the report. See story in the Chicago Business Journal.