Around Rogers Park: Proposed Expansion of 1415 West Morse Avenue

Mark Falanga, CEO and founder of VentureMark, Inc., is the owner of a four-story, vintage building at 1415 West Morse. The property occupies a large site on Morse, including a large surface parking area to the rear of the existing building. Mr. Falanga is asking for a zoning change from B3-2 to B3-3 that would allow him to build a new, 5-story addition on part of what is now the parking lot. The zoning change would trigger the Affordable Requirements Ordinance which currently requires a 10% set-aside of units affordable to households earning no more than 60% of area median income.

The existing property that currently fronts Morse Street contains 14 residential apartments and three storefronts. It is currently being renovated. Alderwoman Hadden (49th Ward) has scheduled a community meeting for February 11 to solicit input on this proposal from community members. Mr. Falanga was unavailable for comment regarding this development plan.