Developers Of Greektown High-Rise Need To Act Fast Or Lose Zoning
Fitzgerald Associates Architects broke ground on One South Halsted in 2011, and received approval to build it the next year. Four years later, there are still no signs it will be delivered soon, and now Fitzgerald faces a mid-June deadline to move forward on the development in order to retain the site's zoning.
According to Chicago Architecture Blog, there have been recent signs of soil samplings taken from the site, which the project will share with the existing Crowne Plaza Hotel. Fitzgerald also filed an amendment to its planned development to reduce the number of parking spaces from 520 to 376, while shrinking the 50-story tower to 472 feet. The city signed off on the changes, with the condition that construction needed to start within 12 months of approval.
One South Halsted's design has received universal raves from local residents for its curved tower. When it's eventually delivered, it will contain nearly 500 rental units and 31k SF of retail and commercial space. With the multifamily sector booming, Fitzgerald is chomping at the bit to move forward. [CAB]