Full Building Permit Issued for New Residential Development in Chicago

Got story updates? Submit your updates here. ›

A full building permit has been issued for a new residential development at 3600 N. Southport in Chicago. The project, planned by Derrig Management, will replace a former Fifth Third Bank branch with a four-story building featuring 10 dwelling units and 5 parking spaces. Designed by Jonathan Splitt Architects, the development is now cleared to begin construction after securing the necessary permits.

Why it matters

This new residential project is part of the ongoing redevelopment and revitalization of the Southport Corridor, a popular commercial district in Chicago's Lakeview neighborhood. The addition of 10 new housing units on a high-visibility corner site could help meet local demand for housing while also activating the streetscape.

The details

The permit filings show the new four-story building will have 10 dwelling units and 5 parking spaces, with 4 spaces located inside a garage and 1 outdoor spot. No retail space is included in the plans for the high-profile corner site. Before construction can begin, the development team must first secure a demolition permit to clear the existing Fifth Third Bank branch from the property.

• The full building permit was issued on April 4, 2026.
• A timeline for the start of construction has not been announced.

What’s next

Before construction can begin, Derrig Builders Inc must secure a demolition permit to clear the existing Fifth Third Bank branch from the project site.