This week, developers are expected take the wraps off a new seven-story office building slated for southwest corner of Lake and Racine in the heart of Chicago’s trendy Fulton Market District. McCaffery Interests will publicly make its case for a requested zoning change from the C1-2 Neighborhood Commercial District to the DX-5 Downtown Mixed-Used District at a meeting set for Tuesday night at 6:00 PM at Catalyst Ranch at 656 W. Randolph.
According to an application filed with the city in November of last year, the latest plan calls for roughly 11,700 square feet of ground floor retail, 135,000 square feet of office on floors two through seven, and garage parking for 50 vehicles. Chicago-based Antunovich Associates is listed as the project’s design architect.
The redevelopment of 1201 W. Lake has been several years in the making and was first shown as a four-story, 89,000-square foot brick building in 2015. An updated 2016 marketing flyer showed a taller design clad in glass and steel with 132,000 square feet of office space, 16,000 square feet of retail, and a 42-car garage.
Compared to what was circulated last year, Tuesday night’s presentation is expected to show an updated design as well as new renderings, reports DNAinfo. The development site is currently home to a single-story commercial building.