WEST LOOP — The development boom in the West Loop is continuing, with a developer unveiling another office proposal in Fulton Market this week.
On Monday night, Sancerre Capital detailed plans for a seven-story office building with ground-floor retail at 817 W. Lake St. The 109-foot-tall building is designed by Eckenhoff Saunders.
The building will include a small rooftop amenity for tenants, developers said.
Eckenhoff Saunders representative said the building was complementary to existing neighborhood buildings.
In the short term, the development team is hoping to use the vacant lot as an outdoor patio for the neighboring BLVD steakhouse.
Frank Callero, a representative for Sancerre Capital, said the patio would be a “great addition in the short term to the community. It will obviously be a huge help to the steakhouse given the current COVID scenario, allowing the steakhouse to have more outdoor dining.”
Ald. Walter Burnett Jr. (27th) said the neighborhood was “blessed” developers’ interest hasn’t tempered during the pandemic.
“Proposals have still been coming to the table … and this area continues to be one of the leading economic development communities in the city of Chicago,” Burnett said.
If supported by Burnett, the development will go before the Plan Commission and the Committee on Zoning.
The development team needs an amendment to an existing Planned Development and a zoning change to make way for the office building.
Carla Agostinelli, executive director of West Loop Community Organization, said the group is taking community feedback before weighing in on the project.
If approved, the building would take 14-16 months to be completed; however, an estimated start timeline would be contingent on finding a tenant, the development team said.
Subscribe to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. Every dime we make funds reporting from Chicago’s neighborhoods.