- Credibility:
WEST LOOP— A developer is set to unveil plans for two residential towers that would add 450 apartments to the area and an office building at a meeting this week in Fulton Market
Chicago-based LG Development will pitch plans for two apartment towers at 168 N. May St. and 171 N. Racine St. and an 11-story office building at 1150 W. Lake St. at a community meeting at 6 p.m. Tuesday at Revel Fulton Market, 1215 W. Fulton Market.
Under plans, the two apartment buildings would include 446 units and would scale 20 and 22 stories, according to a source familiar with the project.
The 22-story building would be 245 feet tall, a source said, and the proposal would include 20 percent affordable units built on-site.
If approved, LG Development will buy the properties from sausage maker ATK Foods for more than $30 million, according to Crain’s.
The 11-story office tower would replace a vacant lot and include ground-floor retail, according to a source.
The developer is seeking a zoning change to a DX-5 Planned Development.
The West Loop Community Organization and Ald. Walter Burnett Jr. (27th) will co-host the meeting.
LG Development did not return requests for comment.
LG Development’s latest proposal comes just after they presented plans for a 21-story office building and a 17-story hotel in Fulton Market.
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