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Marquette Cos. announced its second Chicago multifamily project in a week, with a proposal to build 160 luxury rentals in Noble Square. The site Marquette is targeting is a vacant 50K SF lot at Walton and Noble owned by the Polish Roman Catholic Union, according to Curbed Chicago.
Marquette president Darren Sloniger told attendees at a community meeting last night that the firm's newest proposal was downsized from an original plan for 260 units, after feedback from community groups and the department of planning. The project is close enough to Milwaukee Avenue to take advantage of bike traffic and the multifamily activity on Milwaukee. Sloniger addressed concerns about the project adding to traffic congestion by noting the unit-to-parking ratio was 0.69.
The development will have affordable housing set-asides per the city's Affordable Requirements Ordinance.
Last week, Marquette announced plans to build a 263-unit apartment building in Fulton Market.
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