The $10 Million Transformation: 7 Shocking Secrets Of 935 W Webster Ave, Chicago’s New Luxury Landmark
The address 935 W Webster Ave in Chicago, IL 60614, is no longer just a dot on the map; it represents one of the most significant and luxurious mixed-use redevelopments to hit the highly desirable Lincoln Park neighborhood in recent memory. As of late December 2025, this prominent corner property—at the intersection of Webster Avenue and North Bissell Street—has completed a dramatic, multi-million-dollar transformation, shedding its past identity to become a beacon of modern Chicago living and innovative dining.
This deep-dive article uncovers the seven most compelling secrets behind the project, known as Webster + Bissell, revealing the high-end residential features, the cutting-edge retail tenant, and the powerful real estate entities that brought this ambitious vision to life. The entire project is a perfect case study in how Chicago's historic neighborhoods are embracing contemporary luxury while maintaining their vibrant, community-focused appeal.
The Complete Profile of the Webster + Bissell Redevelopment
The site at 935 W Webster Ave has a rich history, but its current profile is defined by a complete overhaul that has positioned it as a premier destination for both residents and diners in Lincoln Park. The transformation from an older commercial structure to a sleek, three-story mixed-use building is a testament to the area's continued growth and demand for high-end properties.
- Property Address: 935 W Webster Ave, Chicago, IL 60614
- Neighborhood: Lincoln Park (Southwest corner of Webster Ave and Bissell St)
- Project Name: Webster + Bissell
- Structure Type: Three-Story Mixed-Use Building
- Developer: Mavrek Development and GW Properties
- Architecture Firm: 360 Design Studio
- Residential Component: Four Ultra-Luxury Duplex Apartments
- Commercial Component: Approximately 3,500 square feet of ground-floor retail space
- Former Business Entity: State Restaurant & Café (operated by Giannoulias Hospitality, LLC)
- Current Retail Tenant: STR Sushi Taku Rotary
- Zoning/Permit Status: Construction permits issued for a new mixed-use redevelopment (as-of-right development)
The development stands as a prime example of the luxury market near DePaul University, offering a blend of privacy for its residents and high-traffic visibility for its commercial space, making it a pivotal location in the 60614 zip code.
7 Shocking Secrets Behind the 935 W Webster Ave Transformation
The project at 935 W Webster Ave was far more than a simple renovation; it was a full-scale redevelopment that involved significant capital and strategic planning by some of Chicago’s top real estate players. Here are the secrets that define its new status.
1. The Multi-Million Dollar Shift from Diner to Duplex
The property was historically known as the location of the popular State Restaurant & Café, a classic neighborhood spot. The shift from this traditional, single-use eatery to a modern, three-story mixed-use structure is estimated to be a multi-million dollar investment, likely exceeding $10 million in total project value. This dramatic redevelopment by Mavrek Development and GW Properties was designed to maximize the value of the high-demand corner lot, a strategy that is becoming common in prime Chicago real estate.
2. The Four Exclusive Duplexes: A Micro-Luxury Community
The residential component is incredibly exclusive, featuring only four new apartment units in total. These are not standard apartments; they are luxury duplexes, meaning each unit spans two floors. This design choice offers a townhome feel within a boutique building, providing residents with space, privacy, and over-the-top finishes that cater to a high-net-worth clientele. The residential leasing is managed under the name Webster + Bissell.
3. Over-the-Top Residential Amenities and Finishes
The interiors of the four duplexes are where the luxury truly shines. The finishes are designed to compete with the best new construction in the city. Key features include:
- Gourmet kitchens with Stainless Steel Appliances
- Stunning Waterfall Kitchen Islands
- Private outdoor spaces, including a Private Terrace for each unit
- Modern comforts like Central Air and Central Heat
- High-end flooring, such as Laminate Hardwood Flooring
- In-unit Washer/Dryer and Pet-friendly policies
These features elevate the living experience, turning a simple apartment into a true luxury home in the heart of Lincoln Park.
4. The Rise of STR Sushi Taku Rotary: Robot Dining
The most current and unique retail tenant occupying the 3,500 square foot ground-floor space is STR Sushi Taku Rotary. This is not your average sushi restaurant. STR, a venture from the successful Sushi Taku family, offers an innovative, all-you-can-eat (AYCE) experience featuring a conveyor belt sushi system. Furthermore, food is often delivered directly to tables by charming mini robot delivery units, making it a destination for experiential dining in Chicago.
5. The Corner's Real Estate Power Players
The success of the Webster + Bissell project is tied to the expertise of its developers. Mavrek Development and GW Properties are known for their strategic focus on upscale, niche developments in Chicago's most coveted neighborhoods. The architectural vision, handled by 360 Design Studio, ensured the building’s aesthetic was sleek, modern, and complementary to the surrounding historic Lincoln Park architecture, avoiding a common pitfall of new construction.
6. The Near-Miss Retail Tenant: Foxtrot Market
Before the current tenants were finalized, there were reports that the popular local upscale convenience store, Foxtrot Market, was planning to open a new store at 935 W Webster Ave. While that deal did not materialize, the interest from a high-profile, modern retailer like Foxtrot underscores the commercial desirability of the corner, located just north of the dynamic Armitage Avenue retail corridor.
7. Proximity to a Cultural and Educational Epicenter
The location's value is amplified by its proximity to major Chicago institutions. It is situated just blocks from DePaul University, providing a constant stream of high-income residents and students, as well as faculty and staff. The area is an established epicenter for boutique shopping, high-end cuisine, and entertainment, acting as a crucial bridge between the residential streets of Lincoln Park and the bustling commercial hubs, all while being a short two-mile commute to Downtown Chicago.
The Future of Lincoln Park Real Estate
The redevelopment at 935 W Webster Ave serves as a blueprint for the future of luxury real estate in established Chicago neighborhoods. It demonstrates a clear trend: smaller, boutique mixed-use buildings that offer hyper-customized, high-end residential units paired with unique, experience-driven retail on the ground floor. This combination creates a self-sustaining micro-economy that enhances the neighborhood's appeal.
For prospective residents, the four units at Webster + Bissell offer a rare opportunity for spacious, modern living in a highly walkable area. For the community, STR Sushi Taku Rotary provides a fresh, interactive dining experience that adds to Lincoln Park's diverse culinary landscape. The success of this project, from the initial permit application to the final lease agreements handled by firms like Canvas Real Estate and Atlas Asset Management Realty, confirms the enduring strength and premium valuation of the 60614 zip code.
The transformation of 935 W Webster Ave from the historic State Restaurant & Café to a modern luxury landmark is a fascinating chapter in Chicago's urban development story, cementing its status as a pivotal, high-value asset in the city's real estate portfolio.
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