“A mixed-use development dubbed Immaculata Living at 640 W. Irving Park is seeking investors to buy stakes in the development, and they can use cryptocurrency. Planned by KGiles LLC, the development was approved by City Council back in October 2022, but the historic Immaculata School building has been used as a temporary migrant shelter for over two years.

“Designed by Level Architecture, the first phase of the project would convert the three attached buildings of the Immaculata School into 245 apartments, made up of studios, one-beds, and two-bed units.

“Common amenities will include the conversion of the existing 5,000 square foot gymnasium into a modern exercise facility which will include the retention of one of the existing basketball courts.

“The dramatic 1,000-seat auditorium will be partially retained, serving the tenants and the neighborhood on a limited basis, with most of the space retrofitted as a multi-purpose amenity space. The auditorium balcony will also be transformed with tiered workstations and a business center. Additional amenities include a 4th floor lounge and two fully programmed roof decks.

“The second phase of the project, designed by Perkins Eastman, will introduce a new 22-story senior living tower, located on the parking lot behind the school. The building will contain 108 independent living units, 60 assisted living units, and 32 memory care units, tailored for aging in place with supportive amenities.

“The first phase renovation is expected to take 18 months to complete while the phase 2 senior living tower is expected to take 24 months to build. With both phases running concurrently, the full development will be built out over a 36-month period with completion targeted for 2028.” (Kugler, Urbanize Chicago, 9/2/25)

“Barry Byrne began his architectural career with Frank Lloyd Wright. Using Wright’s teachings as the basis for developing a personal style, Byrne established new precedents for modern ecclesiastical architecture, creating original expressions in a genre usually associated with historic forms and long-established traditions. The later building, designed by Byrne, is a model of a compatible, yet distinctive addition to a historic structure.” (Chicago Landmark Commission DPD)

Read the full story at Urbanize Chicago

• Immaculata Living seeks crowdfunded investment; The project at 640 W. Irving Park could open in 2028 with crypto-back investors, Lukas Kugler, Urbanize Chicago, 9/2/25
• Funding And Timeline Revealed For Immaculata Redevelopment In Uptown, Ian Achong, Chicago YIMBY, 9/8/25
• City Council approves 640 W. Irving Park; The development will convert a school into apartments and build a new senior living tower, Lukas Kugler, Urbanize Chicago, 10/4/22
• Immaculata High School, a Designated Chicago Landmark, City of Chicago Website