CHICAGO-One of the remaining parking lots used by Bulls and Blackhawks fans is being sold to a group planning to put up an eight-unit condominium building. A partnership will pay the city $169,100, the appraised value, for a 2,487-sf lot at 1641 W. Warren Blvd., which it will combine with an adjacent 5,000-sf site to build its $3-million project.

“This is the first step in moving the parking lots closer to the United Center,” says 27th Ward Alderman Walter Burnett, before the land sale was endorsed Tuesday by the community development commission. “It’s been an eyesore on that block.”

It also was a site the city did not realize it had for several years, Burnett adds. Red Top Parking, a local company that rents parking spaces on lots for sporting events, had been using the lot with the mistaken belief it owned the property, he adds.

Three-bedroom, two-bath units ranging from 1,600 sf to 2,000 sf, and priced from $350,000 to $450,000, will go up on the site about three blocks from the United Center, says department of planning and development project manager Kimberly Cook. However, the plans by 1641 LLC, led by Victor Hotel developer Frank DiBuglione, drew criticism from community development commission member Anne Kostiner, a former developer on the Near West Side. Specifically, Kostiner criticized plans by architect and investor Antonio Fanizza that called for the rear of the building to be clad in cinder block, rather than face brick.

“We need to change that,” Kostiner says. “There is a $1.1-million profit here. So there’s no reason at all not to bring it up a step.”

The partnership has lined up $2 million in financing from Amcore Bank. The 5,000-sf site at 1637-39 W. Warren Blvd., owned by DiBuglione, was acquired last year for $400,000, according to property records. The site includes a 1,914-sf building that will be razed.

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