WEST LOOP — Developers were given the green light Wednesday to start construction on a handful of projects in the West Loop, including a 27-story residential tower and a nine-story office building.
City Council approved architect-developer Thomas Roszak and business partner Dan Moceri’s plan to build a 27-story building at 160 N. Elizabeth St. The building will be 292 feet tall.
The $140 million project would replace the Gateway Auto Service garage and a cluster of low-rise brick buildings fronting Randolph Street with a 375-unit apartment building.
Twenty percent of the units will be set aside as affordable housing. Of the 9,000 square feet of retail in the project, 20 percent would be set as affordable, according to the city.
The project would send $3.4 million to the city’s Neighborhood Opportunity Fund in exchange for added density. The fund is used to help finance projects outside of Downtown.
City Council also approved Thor Equities’ plan for a 9-story building with ground-floor retail at 1229 W. Randolph St.
The 120-foot-tall building will feature a dark brick exterior, multiple outdoor terraces and a “cafe-type retail space” at the corner of Randolph Street and Willard Court. Chicago-based architecture firm JGMA designed the building.
Thor Equities will pay $235,000 into the city’s Neighborhood Opportunity Fund.
Henry Horner Homes Redevelopment
On the Near West Side, City Council also approved a new building at the former Henry Horner Homes site, a Chicago Housing Authority development demolished in 2006.
Under plans, a 12-story, 96-unit, multi-income building will be built near the long-planned Damen and Lake Green Line station at 1939 W. Lake St.
The developer was approved to continue the Westhaven Park development, which replaced the Henry Horner Homes. The development has 747 apartments at the site.
All three developments are located in Ald. Walter Burnett Jr.’s 27th Ward.
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