While new development is nothing new to Chicago’s ever-evolving West Loop neighborhood, the long-stalled project called One South Halsted could finally be getting under way after what’s been roughly 5 years since the project was introduced.
Originally proposed back in 2011, One South Halsted actually received approval from the city just a year later, but nothing has really been done since, or even mentioned for that matter. However, according to a recent report from Curbed, it does look as if the project is finally back on track, only now with a few slight modifications from the original proposal.
It appears the large cylinder shape design will remain in tact, but the tower will now only stretch 472 high as opposed to its original height of 490 feet. As a result, parking at One South Halsted has also been reduced from 520 spaces down to 376, which should still be more than enough for the 492-unit building given its superb West Loop location and easy access to public transportation.
Should the project run into any more issues, developers could lose their zoning amendment that was given when the design changes were submitted, which expires in June. Now up against the clock, it looks like One Halsted is either going to happen now, or probably not happen at all. And give Chicago’s red hot rental market and insane construction boom going on right now, our money is on this thing finally coming to life.