WEST LOOP — A developer’s plan to build a pair of residential towers on Van Buren just north of the Eisenhower Expy. was approved by City Council last week.
Developer Tandem Partners received approval from aldermen Wednesday on plans to build 401 apartments and retail space in two towers at 1050 and 1125 W. Van Buren St.
Under the approved plans, a 21-story, 250-foot-tall building at 1050 W. Van Buren St. will include 201 apartments and 69 parking spaces. A 24-story, 265-foot-tall building at 1125 W. Van Buren St. will include 200 apartments and seven parking spaces.
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.
Forty-five affordable units will be built on-site across the two buildings, and the developer will pay $2.69 million into the Affordable Housing Opportunity Fund, and $1.63 million into the Neighborhood Opportunity Fund.
The Plan Commission unanimously approved the plan last month.
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. The 1050 W. Van Buren tower is expected to be done in early 2023.
Tandem Partners have agreed to allow West Loop residents to create a community garden at the 1050 W. Van Buren site during the 2019 spring and summer season.
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.
At the time, May Toy, president of the Skinner West Park Advisory Council, said the 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.
Architectural firm Antunovich Associates designed the projects.
Do stories like this matter to you? Subscribe to Block Club Chicago. Every dime we make funds reporting from Chicago’s neighborhoods.