A new high-rise is going up in the West Loop, and this this one is reportedly a multi-family development. Designed by bKL Architecture, the new project was originally reported as a 33-story project, but we now know from the architect’s website it will be 29-stories when complete.
Original reports suggested more than 300 residential units would be coming to the building, mostly a mix of studios and convertible units. Past reports have suggested the developers will likely be paying around $2.7 million into the Neighborhood Opportunity Fund.
Those reports detailed that approximately 60 units would likely be designated as affordable units, some of which would be located on-site, while other affordable units would be built off-site. The property sits between W Randolph Street and W Lake Street, fronting N Morgan Street.
The glass and metal building rises up above a brick podium, which is expected to invoke industrial style points when complete. The building will feature some on-site parking.
As for other building amenities, plans call for bringing in an indoor/outdoor amenity floor, decked out with artwork visible by those walking along the street level. In addition, plans call for some additional amenity space in the building, which will reportedly be slated for residents of some of the upper-level units.
Construction is currently underway on the new tower and should take about 24 months to complete the process. One big advantage for the new building is its location. It sits right across from the Morgan CTA station, plus also close to McDonald’s World Headquarters and Google.
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Posted by Leo Clark. on
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