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Gold Coast Condo Tower, Bridgeport Distribution Center Set For Plan Commission Approval

The 35-story luxury condo tower at 40 W. Oak St. would be across the street from the Newberry Library and Ogden Elementary School.

Nahla Capital is proposing to build a 35-story, 75-unit luxury condo tower at 40 W. Oak St. in the Gold Coast neighborhood.
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CHICAGO — Proposals to build a new 35-story condo tower in the Gold Coast neighborhood and a 112,000-square-foot distribution center in Bridgeport will headline a meeting of the Chicago Plan Commission on Thursday.

New York-based firm Nahla Capital is proposing (O2020-4798) to build a 75-unit luxury condo tower at 40 W. Oak St. in the 2nd Ward, across the street from the Newberry Library and Ogden Elementary School. The developer last year pitched a taller building with 90 condos, but they pared back the plan following community feedback.

The plan includes 160 new parking spaces and would maintain “substantial sidewalk widths” near the building with “continuous parkway planting” including “large, mature shade trees…for a more pleasant pedestrian experience,” according to a presentation set to be given on the proposal.

The developer’s Planned Development application shows no plans to include any on-site affordable units in the proposal, but they plan to satisfy the city’s Affordable Requirements Ordinance by paying just over $1.9 million into the city’s Affordable Housing Opportunity Fund.

The existing Warren Barr rehab center at 66 W. Oak St. would remain intact under Nahla Capital’s plan.

Also on Thursday, the Plan Commission is scheduled to consider a proposal (O2020-3724) by California-based industrial developer Prologis to build a 112,000-square-foot shipping and logistics center at 2424 S. Halsted St. in the 11th Ward. The building plan includes 15 loading docks.

The overall project would also include 487 surface parking spaces and an additional 183,900 square feet of landscaping, adding up to a total site area of nearly 23 acres along the Chicago River South Branch between Halsted Street and Senour Avenue.

Prologis also plans to pave and landscape a publicly accessible Riverwalk path spanning nearly 1,900 feet of river frontage, with “seating areas” every 500 feet and “floating wetlands to provide habitat for aquatic wildlife,” according to a presentation on the proposal.

The following other proposals are scheduled for approval by the commission on Thursday:

O2020-4566 — A zoning change proposed by Hogsalt Management allowing for the construction of a new one-story, 2,085-square-foot restaurant at 1352 W. Lake St. in the 27th Ward. It would include a 3,800-square-foot outdoor patio area equipped to operate year-round.

  • An Lakefront Protection Ordinance application by the Japanese American Service Committee Housing Corporation to renovate an existing 201-unit affordable senior housing complex at 920 W. Lawrence Ave. in the 46th Ward. The project would add three additional units and include “interior and exterior building and landscape improvements.”

O2020-4575 — An amendment to the Planned Development application submitted by the Habitat Companies, allowing for the addition of a drive-thru ATM facility at its affordable mixed-use Ogden Commons development underway at Ogden and Talman avenues in the 28th Ward.

O2020-4797 — A Planned Development application allowing developer Belgravia Group to add one additional unit to the 366-unit Triangle Square apartment and condo development, which was approved in 2018 at 1701 W. Webster Ave. in the 32nd Ward.

O2020-3719 — A Planned Development application by The Society for the Danish Old People’s Home to build two “lateral additions” to the existing three-story facility at 5656 N. Newcastle Ave. in the 41st Ward. The added “wings” would not increase the building’s maximum allowed number of beds but would provide for 13 additional parking spaces.