FULTON MARKET — As the city lifts a ban of residential buildings north of Lake Street, a developer wants to take advantage by overhauling a previously approved project in the West Loop.
Instead of an 11-story office building, LG Development now wants to build a 20-story apartment building with 5,000 square feet of ground-floor retail at 1150 W. Lake St., according to a zoning application.
The proposed building would include 179 apartments and be about 222 feet tall, according to the paperwork filed with the city.
LG’s original plan for the office tower and a nearby 33-story apartment building was approved last year. The developer’s new plan for the site also includes the 330-foot high-rise, but it would be scaled down to have 486 apartments instead of 550.
The development would have 290 parking spots, according to a zoning application.
Michael Ezgur, a zoning attorney for the developer, said the uncertainty of the office market and the city’s decision to lift a ban on housing north of Lake Street in Fulton Market led to the change of the proposal.
“There’s a demand for residential,” Ezgur said.
The complex will be called Amylu Collection — a nod to Amylu Kurzawski, the third-generation owner of sausage maker ATK Foods, which previously occupied the site south of Lake Street.
This is the second time the developers have revamped their plans for the property. They originally pitched 20- and 22-story towers and the office building on the corner of May and Lake Street in 2019 before changing the plan to the office space and 33-story high-rise.
Ezgur said the developers plan to meet with community groups on their revised proposal, and they must restart the permitting process to be approved by the city.
Other housing projects are also eyeing the previously off-limits territory of the neighborhood. Fulton St. Companies wants to build 433 apartments at 1201 W. Fulton Market St., just a block north of LG Development’s proposal.
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