In development news that doesn’t involve the West Loop or River North, reports have surfaced about a possible zoning approval for the first phase of a new 500-unit apartment building expansion in downtown Chicago’s Medical District, which would involve the construction of a new 19-story, 254-unit tower that would inevitably replace two existing parking garages.
Slated fore the northeast corner of Ashland and Taylor, if approved, the new bKL Architecture-designed tower would also include about 28,000 square feet of retail space and parking for 245 cars.
The second phase of the potential development would also involve a second tower to eventually be built, as well as the complete overhaul of an existing apartment building that already has 410 units. Each of the buildings in the multi-phase project would all be connected via covered walkways, and it seems to be a redevelopment that shouldn’t face much opposition in terms of eventual approval.
For additional information about the new Medical District apartments being planned, swing on over to Curbed Chicago for a full write-up.