The applicant proposes to construct a five-story, 40-unit residential building on a 22,500-square-foot lot formerly used as a parking lot for the now-closed Kindred Hospital. The development is fully compliant with the property's existing RM-5.5 zoning and falls within the Private Use Zone of the Lake Michigan and Chicago Lakefront Protection District. The project will include 40 accessory automobile parking spaces, accessed from the rear alley, and 40 bicycle parking spaces. The building features a contemporary design of brick with horizontal aluminum panels, and amenities include a 5,200-square-foot common roof deck. The project has been reviewed and is supported by the local alder and the Association of Sheridan Condominium/Co-op Owners (ASCO).