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WEST LOOP — A proposal to expand a luxury condo building in the West Loop received the green light from Chicago’s City Council on Wednesday.
City officials approved Sulo Development’s plans to increase its previously approved condo building from nine to 15 stories at 19 N. May St.
The enlarged, 186-foot building would bring 58 new units to the area, including two-, three-, and four-bedroom condos and penthouses. An amenity floor with a kitchen and lounge area, business center, fitness area, outdoor area, dog walk and storage also are part of the plan.
About 82 parking spaces would be accessible through a 22-foot wide alley from May and Aberdeen streets.
Credit: Sulo DevelopmentThis is the second time Sulo moved to augment its original proposal for the building. In 2018, the developer sought to double the height of its project to 18 stories before eventually scaling back.
RELATED: Developer That Wanted To Double West Loop Condo Project’s Height Changes Plan Again
The amendment modifies Sulo’s existing zoning approval that called for a mirror image of its nine-story Hayden West Loop condo development, which opened at 1111 W. Washington St. in 2019.
Because of that, the project is not subject to the most recent affordable housing rules requiring developments in the West Loop Pilot Area to provide 20 percent of units at an affordable rate. The $75 million project will, however, subsidize the creation of nine single-family townhouses elsewhere in the city, according to city officials.
The developers will also pay more than $3 million into Chicago’s Neighborhood Opportunity Fund, which allows developers to build taller, more dense buildings by paying into a fund to supports small businesses in underserved communities.
At a public meeting in May, representatives from Sulo said they expect to spend six to eight months pre-selling units in the upcoming building before breaking ground. The construction is anticipated to take between 15 and 18 months.
L3 Capital Development
City Council members also approved plans for a five-story office building with ground-floor retail at 1020 W. Randolph St.
The 37,000-square-foot size office from L3 Capital also includes a partial basement and rooftop terrace.
Developers told residents they plan to break ground in 2021 and complete the new building in March 2022.
Credit: Hartshorne Plunkard Architecture/L3 CapitalRelated:
With Solis MIA, Community Meetings On 2 West Loop Developments Postponed
Developer Wants To Double West Loop Residential Project Near McDonald’s HQ To 18 Stories
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