Chicago: The tallest West Loop Tower proposed by Crescent Heights

Russell Galbut of Crescent Height and a rendering of the proposed tower in the West Loop (Chicago)

Russell Galbut of Crescent Height and a rendering of the proposed tower in the West Loop (Chicago)

Already the owner of Chicago’s tallest apartment, Crescent Heights is now eyeing the tallest building in the city’s West Loop submarket.

A Miami-based developer proposed building a 600-foot-tall tower at 420 North May Street between two sets of Metra tracks. urbanize chicago report. This project will be submitted to the design committee next week.

The plans show a 52-story, 587-unit structure that will incorporate and preserve an existing masonry loft office building on the site. This fuels the West Loop multi-family boom. According to a previously published report, developers have put or plan to put a total of 9,000 units of projects into the region’s development pipeline.

Crescent Heights was reported in March to be in talks to purchase the site from Chicago-based MCZ Development, a joint venture between Sado Wong and Michael Golden, founders of residential real estate brokerage firm @properties. rice field. The joint venture, in 2018, saw him purchase a property that owns his 71,000-square-foot loft office building for more than $15 million.

Preliminary designs indicate that the bulk of the building will be located on the western edge of the site, with a six-story podium on the eastern side. Inside the building are 3,100 square feet of retail space and his 2,700 square feet of coworking amenity space.

Flex office space in residential buildings is gaining momentum in Chicago, where publicly traded coworking company WeWork plans much larger spaces in its first multi-family homes in a new project by uptown developer Cedar Street. I’m here.

The 4th, 5th and 6th floors of the building will have resident amenities such as swimming pools, pet terraces and roof decks. Some units have a private terrace and balcony, others do not.

Another amenity floor is located on the 44th floor just below where the penthouse units begin. There are 6 floors of 4 penthouses (2 2 bedroom units and 2 3 bedroom units) up to 50 floors.

This proposal requires approval from the Chicago Planning Commission, Zoning Commission, and City Council. The site would need to be rezoned, converting a complete city block.

— Victoria Pruitt


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Written by Natalia Chi

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