WEST LOOP — LG Development’s plan for a 19-story apartment tower in Fulton Market received approval from City Council Friday afternoon.
The prominent developer can move forward with the 414-unit apartment building at 210 N. Aberdeen St. The approval comes months after city officials moved to lift a moratorium on apartments and condos north of Lake Street in Fulton Market.
LG Development previously envisioned an office building at the space before pivoting to apartments.
The L-shaped building, designed by architecture firm NORR, includes more than 10,000 square feet of retail, 102 parking spaces and a publicly-accessible bicycle cafe that will have bike parking and bike repair stations, according to the development team.
LG Development also is planning to save and restore the historical Arthur Harris building at the site. Plans call for the former manufacturing building to be turned into commercial space.
Of the residential units, half of the apartments would be one-bedrooms, 30 percent studios and 20 percent two- and three-bedrooms.
During a Committee on Zoning meeting, Michael Ezgur, zoning attorney for LG Development, said the building will include 20 percent affordable units on-site and the developer was working with the Department of Housing on possibly including additional affordable units on-site. The will also pay $2 million to Chicago’s Neighborhood Opportunity Fund.
The $150 million apartment development is the third iteration of LG’s plans for the site, which started as twin office-and-hotel buildings before being pared down to a 24-story office building. But after coronavirus devastated the local office market and hotel industry, LG decided to switch its Aberdeen plan to a residential project, Ezgur said during a community meeting last month.
The change of plans is possible because of a recent shift in city policy allowing residential development in Fulton Market north of Lake Street.
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