In times like these, we expect to scratch proposals off our high-rise list, not add new projects to it, but it looks like one new development is nearing approval in River North.
This rendering from Hartshorne Plunkard Architecture has been floating around the Web for a while, and we’re finally starting to hear some details about the project itself. LG Development Group, the same team behind the recently announced Row2750 townhouses in Lincoln Park, plans to build this 28-story high-rise at 111 W Chestnut St, near the southern edge of the Gold Coast. The project will be presented to the Plan Commission today, according to the Chicago Journal.
A marketing brochure (PDF) on LG’s Web site says the tower’s “single-family skyhomes” will have an average unit size of 2,800 square feet, “ample outdoor space,” and on-site amenities like “a fitness center, private parking and a private concierge.”
The brochure says the tower will have 49 units, but a Planning Department representative quoted in the Journal describes it as having 59 units, 83 parking spaces on four levels including one level below grade, and a 7,800 square-foot green roof. The article also says LG will landscape space next to an adjacent alley with trees and shrubs and will generate $2.5 million for the city’s Affordable Housing Opportunity fund and $1.6 million for Adopt-a-Landmark program in exchange for density bonuses.
The Journal story focuses on the split among Near North Side residents over the project. The building most likely will cast a shadow over Washington Square Park, and it’s going up just a couple blocks away from other high-profile, high-density projects like The Elysian, Ten East Delaware and Walton on the Park, all of which are still under construction and could put a strain on “the area’s already-taxed infrastructure.”