A reader sends us a recap email from a town hall meeting for the impending high-profile high-rise development at southwest corner of Roosevelt and Indiana:
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| "Phase 1" is the second high-rise from the right |
Good morning all, Last night, over 150 residents from five buildings in the South Loop attended the town hall meeting with Crescent Heights. Crescent Heights was represented by Jason Buchburg and John Jendras as well as their legal counsel. Alderman Dowell was unable to attend the meeting, but sent Robert Charles to speak on her behalf.
Over the course of an hour and a half, several questions were answered by the team from Crescent Heights. Here is a brief synopsis of their responses:
- Phase I of the project is scheduled to begin in June 2016. Phase I is a 76 story tower with 792 rental units and approximately 640 parking spaces. The base building will be 17 stories tall with the building narrowing as it rises toward the top. There will be approximately 100 paid parking spaces available to the public on a daily basis; along with zip cars and a bike share program.
- Phase I will be located on the corner of Indiana and Roosevelt and will only occupy half of the currently vacant two acre parcel. The acre on Michigan and Roosevelt is considered Phase II and will be developed after Phase I is complete. Phase II is expected to have some commercial/retail space on the lower floors.
- Construction hours are approved by the City from 8 a.m. to 8 p.m. including weekends. Though they have the right to work during that time frame, it is anticipated that the hours will more likely be 8 a.m. to 5 p.m. during the week; with deliveries and crane work on the weekends. McHugh is the general contractor for the project.
- During construction of Phase I, the one acre lot on Michigan and Roosevelt will be used to stage construction equipment. Exterior construction is expected to take 24 months with an additional 6 months for interior work, prior to any leasing.
- Ingress and egress for the Phase I building will be located on Indiana. The driveway will funnel into the building so that vehicles do not stop/stand on Indiana. Deliveries will be routed down the alley between Indiana and Michigan.
- The vacant lot at 13th and Indiana will be made into green space until it is developed. At this time, the lot at 13th and Indiana is considered Phase III and they do not anticipate building on it for at least 3-4 years. There are no current plans or renderings for this lot. The lot is zoned for a 180 foot building (approx. 15 stories) and will include a 12,000 sq. ft. park in the South West corner. The park will be turned over to the Chicago Park District upon completion of construction.
- Any lane closures needed during construction will be handed by the Department of Transportation, with notices coming from Alderman Dowell's office. If you are not currently on the Alderman's email list, please send me your information and I will make sure that you are added.
- The zoning for these lots was approved in 2008 and the new design for Phase I was approved by Planning and Zoning in November 2015. At this time, Crescent Heights is working on financing and permitting the project.
- There is no requirement for affordable housing on any of these projects as Crescent Heights has already met the standard on previous buildings in the area. - All units in Phase I are being built to "Condo specifications" and may be sold as condominiums at a later date in the future.
- Phase II (Michigan & Roosevelt) and Phase III (13th & Indiana) will go through a review process, both in the community and before the Planning and Zoning Commission prior to approval.
If you have any further questions or concerns on the project, please contact Jason via email at jbuchberg@crescentheights.com.If you need more background on this development click here.
(Hat tip: SM!)
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