One South Halsted Developers Risk Losing 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]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing

Riverwards Group Secures Construction Financing For 155 Units In Olde Richmond

While Chicago Development Stalls, Fulton Market Keeps Building