A mixed-use development proposal for the southeast corner of Peoria and Adams streets is set to break cover this evening. First revealed last summer as a 15-story structure with 267 apartments, 218 parking spaces, and 4,000 square feet of ground level retail space, the plan from co-developers Crayton Advisors and White Oak Realty Partners has done something rather unusual for a proposed West Loop apartment tower—it got taller.
According to a meeting notice distributed by the West Loop Community Organization, the project at 855 W. Adams is now looking to top-out at 17 stories. Paradoxically, the number of dwelling units and parking stalls have been reduced to 258 apartments and 179 garage spaces. Meanwhile, retail has more than tripled for a total of 13,500 square feet. The development would replace a parking lot and an older two-story brick building.
It’s unclear if the project’s preliminary architectural design from Chicago-based FitzGerald Associates has changed significantly since its introduction last year. Updated renderings are expected to be presented at tonight’s meeting, scheduled for 6:00 PM at the Merit School of Music at 38 S. Peoria Street.
The development site is located in the 25th Ward and is represented by Ald. Danny Solis. It will require a zoning change from DS-3 to DX-7 to move forward as currently proposed. The requested bump in density and change to a Downtown Mixed Use designation will likely require the developers to contribute cash to Chicago’s Neighborhood Opportunity Fund.
- Community Meeting Notice: 855 Adams [West Loop Community Organization]
- Hundreds more apartments planned for booming West Loop [Curbed Chicago]
- Mapping the West Loop's unprecedented development boom [Curbed Chicago]