The scope and nature of a likely, if far off, redevelopment of several properties on and near the southeast corner of Oak Park Avenue and South Boulevard remain far from clear.
However, it now appears possible that an eventual project's footprint might include the Vivaldi building at 144 S. Oak Park Ave.
In mid-December, sources told WEDNESDAY JOURNAL that a project may include the Thyme & Honey Restaurant at the southeast corner of Oak Park Avenue and South, a Laundromat to the south, and the David A. Noyes & Co. building at 721 South Blvd.
At the time, architect John Schiess, representing developer Alex Troyanovsky, confirmed that the investor had a contract to buy several properties in the area.
On Monday, Schiess said "it makes sense" to use the Vivaldi building in any redevelopment project.
Schiess said he has discussed the prospect of incorporating the Vivaldi parcel with the building's owner, but said the developer is waiting on negotiations between the building owner and the tenant.
"It's between the property owner and the restaurant. The lease situation needs to be resolved before we can get into the picture," he said.
Schiess declined to elaborate any further on the project, saying more details would be forthcoming.
Plans for development of the Bank One parking lot, on Marion Street just north of Lake Street, may be forthcoming in the coming weeks, said architect John Schiess.
Schiess said investors were scheduled to close on the purchase of the property sometime this week, and that he's already met with neighbors in the area about development plans.
He declined to comment further on details of any project, but said more information would be available soon.