Author: AJ LaTrace, Curbed Chicago
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Developers Shapack Partners and Focus Development are joining forces to bring a new glassy, curvy mixed-use tower to the West Loop, and unveiled their proposal to a group of area residents last evening. The new 28 story development is set to include 227 residential units with parking for 162 vehicles and about 60 bicycles.
In addition to its residential component, the LEED Silver tower will include approximately 9,700 square feet of ground level commercial space. Apartment rental rates at the new tower, which will be situated near popular restaurants and nightlife, are expected to fetch $3/foot. Designed by Booth Hansen architects, the tower with its curved shape certainly has a different aesthetic than many of the other proposals coming up in the greater downtown area. One resident in attendance compared the design to the modernist Lake Point Tower. Shapack Partners has been busy in the West Loop, working to redevelop the old Amity Packing building and the new Soho House hotel, which is still on target for a mid-August opening according to developer Jeffrey Shapack. Alderman Walter Burnett indicated that reactions to the proposal at last night's meeting would essentially influence the final verdict of his approval - and the proposal will move forward. The development heads next to the Chicago Plan Commission, and construction could begin as early as next spring.
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