This week's Chicago Plan Commission was an important one as several major proposals were presented, including the redevelopment of the historic Bush Temple of Music and a 15-story tower that would be attached to it. Developer Cedar St. Cos. acquired the building in 2014 and announced last year that it would be transforming the former piano factory into a mixed-use residential and retail project. The company, known for its FLATS micro-apartments, wanted to bring roughly 100 studio and one-bedroom apartments and 8,500-square-feet of commercial space to the building. However, the plan has since been bolstered with the addition of a 129-unit building that will fill in the space between the Bush Temple and the upcoming Mormon temple on Clark Street. And because the development qualifies as a transit-oriented development, the plan will include just 15 parking spaces for its 230 apartments.
The developer will forego including affordable units on-site, and instead will pay $1.3 million to the city's affordable housing fund. Hartshorne Plunkard Architecture is leading the renovation of the Bush Temple and has also designed the development's tower addition. According to Chicago Cityscape's Steven Vance (who live-Tweeted the meeting), rents for a 340-square-foot apartment are expected to cost somethwere between $1,300-$1,400 per month. After its meeting with the Plan Commission, the proposal will now head on to the City Council for a final vote.
Burnett: Asking about the sizes of the new units. A: 340 square feet. Burnett: That's small. How much?A: $1,300-$1,400— Steven Vance (@stevevance) January 21, 2016
·A Last Look Inside the Historic Bush Temple of Music Before Its Big Makeover [Curbed Chicago]
·Three New Residential Projects Underway on Busy Clark Street [Curbed Chicago]
·Apartment Boom Town archives [Curbed Chicago]