New 10-Story, 70-Unit Residential Development Proposed For South Loop Parking Lot

Posted by Leo Clark. on Sunday, September 10th, 2017 at 8:32pm.

What’s now a parking lot could soon turn into a new 10-story building on Jefferson Street. A developer hopes to gain a special use zoning variation to construct the new residential mid-rise building close to Union Station.

Located at 315 S Jefferson, plans call for nearly 70 residential units to be constructed within the building. While the size of the planned building itself does not require a variance, the developer wants to change the required parking from a standard of 1 to 1 per residence to a total of five parking spots for the entire building.

Since the proposal hasn’t been introduced to councilors yet, more detailed plans for the building are not yet public. Residences living within 1,000 feet of the site did receive a letter but it does not detail the exact type of residences that are planned for the site.

Framed by two vintage buildings of lower density, the current site of the surface parking lot is prime for redevelopment. It sits just across from a newer construction apartment development. In addition, nearby Union Station is set to soon see a major overhaul itself, expected to transform the location into dozens of new residential units and more than 3-million square feet of mixed-use space.

Photo: Google Maps

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