NEAR NORTH SIDE — Plans for a sprawling, 8.1-acre megadevelopment that would bring more than 2,600 residential units next to the Moody Bible Institute campus were approved Wednesday.
Aldermen approved the $1.3 billion project by JDL Development, dubbed “North Union,” during the City Council meeting Wednesday.
Over the next decade, the North Union project will transform the area generally bound by the CTA Brown and Purple line tracks to the west, Oak Street to the north, LaSalle Street to the east and West Chicago Avenue and West Chestnut Street to the south.
Planned to be built in five phases, the project includes a mix of residential towers, luxury townhomes, commercial space and 2.5 acres of public parks. When finished, the project will bring 2,656 residential units and 30,000 square feet of commercial space to the area.
The first phase includes three buildings at the southern tip of the development along West Chestnut Street. The buildings range from 50 to 300 feet in height.
Moving north, the next phase, expected to begin in 2023, features a package of four buildings ranging from 48 to 205 feet tall. The buildings get taller as the project moves north, with phase three including a 475-foot tower and phase four a 380-foot tower.
The project’s final phase, which could begin in 2029, includes building the project’s two tallest buildings — one 620 feet and the other 695 feet, according to developers.
The developer is exceeding the city’s affordable housing requirements by including 354 units of affordable units — 236 on-site and 118 off-site, according to city documents.
“Chicago has had a tough year, but we’re still incredibly invested in Chicago and we’re not going anywhere,” JDL CEO James Letchinger told the Plan Commission last week.
Jake Wittich is a Report for America corps member covering Lakeview, Lincoln Park and LGBTQ communities across the city for Block Club Chicago.
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