Edgewater 90-Unit Tower at 5853 N Broadway Gets $52.2M Permit
Chicago issued a $52.2M permit on Nov. 6 for an 11-story, 90-unit apartment building at 5853 N Broadway, with Leopardo Construction as general contractor.
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Chicago issued a full-building permit on Nov. 6, 2026 for a new 11-story apartment building with 90 dwelling units at 5853 N Broadway in the 48th Ward. The applicant reports a cost of $52,166,550, and Leopardo Construction is listed as general contractor.
Why it matters
A full-building permit follows the foundation phase, so this is a construction-start signal for a North Side midrise outside the downtown core. The scope in permit 101069804 also includes building management offices, amenity rooms and a fourth-floor rooftop amenity.
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The numbers
The $52.2 million is the cost the applicant stated on the permit, not a sale price, loan amount or appraisal. Spread over 90 units it works out to roughly $580,000 per unit before land, financing and fees. The permit lists 16 covered but open outdoor parking spaces and one outdoor loading space.
A separate caissons-only permit, 101069803, was issued Nov. 5 for the same proposed 11-story building with a reported cost of $16.0 million. We treat it as the foundation phase of this project and have not added it to the $52.2 million.
What’s next
The permit names two limited partnerships tied to the address as owners, not an operating developer, so the sponsor is not yet identified in the record. Watch for a construction loan recording at the Cook County Clerk and a lender or equity announcement. For a larger Chicago permit this fall, see the United Center district filing, or browse Chicago coverage.
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Quick answers
- What is the latest on 5853 N Broadway?
- Chicago issued a $52.2M permit on Nov. 6 for an 11-story, 90-unit apartment building at 5853 N Broadway, with Leopardo Construction as general contractor.
- Who is developing 5853 N Broadway?
- Leopardo Construction, according to City of Chicago Data Portal, Building Permits.
- What are the key numbers for 5853 N Broadway?
- reported cost: $52.2M; units: 90; stories: 11.
On the record
Permit 101069804, issued 2026-11-06 at 5853 N Broadway (PIN 1405400007, ward 48), reports a cost of $52,166,550 for a new 11-story, 90-unit residential building with Leopardo Construction as general contractor; caissons-only permit 101069803 ($16.0M) was issued 2026-11-05.
Permit · data.cityofchicago.org