WEST LOOP — The surge of housing construction in the West Loop is showing no signs of slowing down.
Two proposed developments that collectively will include more than 1,000 apartments were approved by the City Council Wednesday.
At 1300 W. Lake St., plans for a $250 million, 46-story mixed use building that would replace Peoria Packing Butcher Shop include 593 apartments. According to documents submitted to the city, 119 of those units would be affordable and built on site.
Ald. Walter Burnett Jr. (27th), whose ward includes the site, spoke in favor of the development at a zoning committee meeting Tuesday.
He said the project was vetted at a community meeting where one concern of neighbors wasn’t parking spaces or the building’s height, but rather what was going to happen to the beloved butcher shop, Peoria Packing.
Burnett said the company is relocating to the West Side’s 24th Ward, which includes most of the North Lawndale neighborhood. The exact location wasn’t immediately clear.
“That’s where everybody’s been getting their meat for a long time,” Burnett said Tuesday. “Fortunately for the alderman in the 24th Ward, Peoria Packing is moving to the 24th Ward, but we are encouraging them to also have a satellite office over here, and I guess those conversations are going on.”
Plans submitted to the city by Aristithis Loukas of Loukas Development show the building would include a minimum of 330 car parking spaces and 593 bike spaces.
A few blocks north of the Lake Street project, the City Council also green lit a proposal by developer Sterling Bay to build two mixed-use buildings at 1300 W. Carroll Ave.
The first building will be 42 stories high, and include a maximum of 361 residential units and office space on lower floors. The second phase of the project could include up to 380 units, zoning attorney Richard Klawiter said at Tuesday’s zoning meeting.
Twenty percent of the units will be affordable, including 72 onsite units in the first building, Klawiter said.
The City Council on Wednesday also approved a 30-story, 495-foot office building at 357-59 N. Green St. Developer Onni Group plans to include ground floor commercial space and around 300 parking spots, according to plans submitted to the city.
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