WEST LOOP — The city’s Plan Commission Thursday approved a developer’s plan to build a pair of residential towers on Van Buren just north of the Eisenhower Expy.
The developer Tandem Partners plans to build 401 apartments and retail space in two towers at 1050 and 1125 W. Van Buren St. The Plan Commission unanimously approved the plan and it will now move to City Council for consideration.
Under plans, a 21-story, 250-foot-tall building at 1050 W. Van Buren St. will 201 apartments and 69 parking spaces.
And a 24-story, 265-foot-tall building at 1125 W. Van Buren St. will include 200 apartments, of which five will be affordable units, and seven car parking spaces.
The developer will include 45 affordable units on site and will be required to pay $1.1 million into the Neighborhood Opportunity Fund.
The proposed 1125 W. Van Buren building is within 410 feet of a CTA station, qualifying the project as a Transit-Oriented Development (TOD) project with a reduced parking requirement.
Tandem Partners will pay $2.69 million in-lieu fees into the Affordable Housing Opportunity Fund, and an additional $1.63 million into the Neighborhood Opportunity Fund.
Demolition of the 1050 W. Van Buren St. site is expected to begin in 2019.
Construction on 1125 W. Van Buren is expected to be completed in the fall of 2021, and the 1050 W. Van Buren tower is expected to be completed in early 2023.
The project was first introduced in July.
During a community meeting to discuss the projects, some West Loop residents said they were concerned the tower would make the booming West Loop even more crowded.
May Toy, president of the Skinner West Park Advisory Council, said the proposed project does not sufficiently address congestion that would come with the influx of more residents.
“I think this area is getting too dense,” Toy said.
Developers committed to allowing for a temporary community garden at 1050 W. Van Buren for the 2019 growing season, however, Toy said a temporary garden would not offer the community a permanent benefit.
Matt Letourneau, president of Neighbors of the West Loop, previously recommended turning Van Buren into a one-way street moving westward to address “safety concerns” at a nearby intersection.
Architectural firm Antunovich Associates designed the projects.
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