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Cedar Street Cos paid $1.2M for a long-abandoned Uptown synagogue, giving the building a new lease on life. Agudas Achim synagogue at 5029 N Kenmore made Preservation Chicago's 2015 Chicago 7 list of endangered buildings.
Dubbed the "last grand Chicago synagogue," Agudas Achim was built in the early 1920s and meshed Art Deco, Spanish and Romanesque-Revival styles. As its congregation shrunk, Agudas Achim fell into disrepair, became vacant and was targeted for demolition.
Agudas Achim suffers from extensive water damage and vandalism throughout its 23k SF. Repurposing a building like this is square in Cedar Street's wheelhouse and managing partner Alex Samoylovich says his firm has no intention of razing the structure, as the architecture is its main draw, Crain's reports. How Cedar Street will repurpose Agudas Achim is the unanswered question. Samoylovich says a residential conversion is almost certain. But will it become apartments or condos? Samoylovich says a plan will be in place within the next six months. [Crain's]
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