The last undeveloped lakefront parcel in the Gold Coast could soon see some action, at least according to a new report from Curbed Chicago. Being proposed is a new eight-story building that could include as many as 58 units, which is significantly different from the original proposal from Draper & Kramer that called for a sprawling 40-story high-rise. That proposal, which as made all the way back in 1997, drew significant resistance among Gold Coast residents and of course failed to materialize into anything concrete over the years.
But now, the new 58-unit building seems to be gaining strong momentum as it heads to the Chicago Zoning Board for approval this month, especially as new construction condo inventory is still low heading into 2017.
The design of the new building, which would be located at 61 E. Banks, is from the creative minds over at Booth Hansen, and can be seen in the rendering provided here. At this point, further details have yet to be released regarding the possible new Draper & Kramer project, so stay tuned for more information as it becomes available.