The proposed project would include the following five elements: 2225 Third Street Building, 2255 Third Street Building, New Underground Parking Garage & Podium, New Third Street Buildings, New Illinois Street Building.

Preservation and renovation of the existing 14,400 sq. ft. three-story-above-basement building located at 2225 Third Street. The upper two floors will be converted into four two-level units; the ground-floor level would be converted to approximately 3,946 sq. ft. of restaurant use, and the basement would be converted to approximately 624 sq. ft. of mechanical space and approximately 2,980 sq. ft. of restaurant storage. This structure would remain free-standing.

Preservation and renovation of the existing 8,600 sq. ft. one-story-above-basement historic building into grocery/retail use (4,000 sq. ft. on the first floor and 4,600 sq. ft. in the basement). This structure would remain freestanding except for a small portion of its southern façade.

Construction of a single-level parking podium/garage (containing approximately 156 auto spaces, one care-share space, and 50 bicycle spaces) that would be entirely below-grade at the Third Street frontage and partially below-grade on Illinois Street. There would be residential stoops at the Illinois Street elevation (there is an approximately 12 foot drop in grade between Third Street and Illinois Street). The proposed podium would cover the entire site and would create a platform for developing the proposed new structures while preserving the existing basements, masonry exteriors, and freestanding profile of the two historic buildings identified above.

Construction of two new structures rising between 35 feet and 50 feet with approximately 2,930 sq. ft. of ground-floor retail fronting on Third Street; includes a 2,393 sq. ft. day care center which would be in the southernmost structure and would open onto the inner court open space. The 50-foot-tall portion of these two structures would be set back approximately 20 feet from the Third Street property line and create a visual "bridge" over the historic one-story building described in element two above. These buildings would contain approximately 50 residential units.

Construction of a single six-story, 65-foot-high, 123-unit, residential structure above the podium. The upper penthouse floor would be set back from the Illinois Street property line.