The real estate boom transforming the West Loop into one of Chicago’s most desirable neighborhoods in which to work, live, shop, and eat is showing no signs of letting up as two more projects look to join the increasingly crowded party. A pair of new development proposals—one residential and one commercial—broke cover in recent documents filed with the Chicago City Clerk.
Lake & Ada
↑ Sterling Bay, the local firm responsible for some of the West Loop’s most transformative commercial projects such as the Chicago headquarters of Google, Glassdoor, and McDonalds, is looking to switch gears and venture into residential development at the southwest corner of Lake and Ada. Currently a pair of large parking lots, the parcel would be rezoned to support a 10-story building with 263 rental units. Designed by the architects at Brininstool + Lynch, the new structure would include a rooftop pool and dog run plus ground floor commercial space and garage parking for 101 vehicles.
Update: Sterling Bay is selling the property in question to Naperville, Illinois-based Marquette Cos. The latter will in fact develop the new apartment building.
312 N. Carpenter
↑ Just west of the Google-anchored 1K Fulton building, New York-based Madison Capital and D.C.-based ASB Real Estate Investment hope to construct a seven-story office development at the corner of Carpenter Street and Carroll Avenue. The planned brick-clad building comes from Chicago-based Hartshorne Plunkard Architecture and would replace an old low-rise industrial structure. As proposed, the development would feature ground floor retail, a rooftop terrace for tenants, and at least 27 on-site parking stalls. While the boundary of the Planned Development (PD) also includes a historic three-story building to the south, that particular structure will be preserved and is in the process of being renovated.
In other West Loop development news, the multi-building Union West project that would bring 358 rental units, 195 parking spaces, and 13,700 square feet of retail space to the block bounded by Washington, Sangamon, Morgan, and Madison has officially filed its zoning application with the City of Chicago. The paperwork is consistent with details that were presented at a West Loop community meeting earlier this month. The project will next head to the Chicago Plan Commission at a date to be determined.
- Previous West Loop coverage [Curbed Chicago]