Tuesday, March 12, 2013

Development and Zoning News for 1333 S. Wabash and Vesta Lofts

In case you didn't get the PDNA march newsletter, we thought we would post some interesting development news that they highlighted.  We posted about the 1333 S. Wabash news back at the end of January, but they provided an update:

1333 S. Wabash - The original approved PD at 1333 S. Wabash was for a condo tower (which was never built) and now another developer would like to consturct a rental apartment buildng at 1313-1339 S. Wabash. This change requires a zoning amendment to the orignal PD and community review. The original approved plan was for a 260 unit, 270 foot residential building with 260 parking spaces and the new developer is asking for a 307 unit, 280 foot building with 200 parking spaces.

Vesta Lofts (AKA 2100 S. Indiana Avenue Equities, LLC) is the existing building at the SW corner of Indian Ave. and 21st St being converted into 59 dwelling units and 7700 square feet of ground floor retail. The development will have a roof deck, gym, and storage. 65 parking spaces will be available on the adjacent vacant lot for accessory parking. Landscaping will be added around the building and in the parking lot. 
The developer hopes to deliver the units by the summer of 2013. The City's Zoning Board of Appeals (ZBA) approved a request from 2100 S. Indiana Avenue Equities, LLC for a special use permit for the establishment of 5 dwelling units below the second floor within an existing four-story building.