Following a recent report of soil testing at the southwest corner of Washington and Aberdeen, developer Peerless Real Estate Investment has filed a zoning application with the city of Chicago to bring not one, but two new 109-foot-tall condo buildings to the West Loop block opposite McDonald’s upcoming corporate headquarters. Flanking the brick four-story office building at 1123 W. Washington, the proposed pair of Booth Hansen-designed buildings would replace the former Harpo Studios outbuilding at 1115 W. Washington and a handful of low-rise buildings between 19 and 27 N. May.
The site, which is located just west of a planned 70-unit condominium project from Belgravia Group, is currently zoned DX-3 and would require an up-zone to DX-7 to move forward. Though the plan outlines parking for 86 cars and 43 bicycles, the duo of buildings feature just 28 condos apiece. The low unit count means high square footage and presumably equally rich prices.
While six affordable units will be built per Chicago’s Affordable Requirements Ordinance (ARO), the prospect of such steep prices is reportedly of concern to Neighbors of the West Loop (NOWL), according to Crain’s. The neighborhood group has additional qualms over the project’s height and potential strain on local infrastructure — most notably the area’s public schools. A community meeting regarding the project is planned for sometime in August, per NOWL’s website.
- Condos planned next to new McDonald's West Loop HQ [Crain’s]
- 15-27 N. May/1111 W. Washington – Peerless Real Estate [NOWL]
- Vacant Harpo Studios Outbuilding May Also See Redevelopment [Curbed Chicago]
- Previous West Loop coverage [Curbed Chicago]