WEST LOOP — After an earlier plan was rejected, a Chicago developer will pitch new plans for a $100 million-plus luxury rental project at the former H2O Plus site Wednesday night.
The John Buck Co. will present new plans for 586 luxury apartments at the block-long H2O site at 6 p.m. Wednesday at Merit School of Music, 38 S. Peoria St. Under previous plans, the developer planned build 627 apartments at the prominent site bound by Madison, Green, Monroe and Peoria streets.
The $100 million-plus luxury rental project would be a mix of studio, one-, two- and three-bedroom apartments and 15 duplexes wrapping the parking garage. New plans call for 293 parking spots and 10,000-square-feet of retail to be developed at the site.
In July 2016, the developer aimed to build two towers atop a two-story parking podium — a 17-story tower at the southwest corner of the site and a 15-story tower at the northeast corner of the site. But after resistance from West Loop neighbors, Ald. Walter Burnett Jr. (27th) told the developer to go back to the drawing board.
"You've got to think about bringing the buildings down and maybe less density," Burnett said. "And then we will talk."
Before the two-tower plan, the developer planned to build four towers at each corner of the property ranging from 13 stories to 17 stories.
The developer seeks a zoning change and aim sto demolish the existing building on the site. The 845 W. Madison St. site is near Mary Bartelme Park and across the street from Merit School of Music and Mariano's.