CITY HALL — A proposal for a 197-unit residential development at Broadway and Wilson avenues was approved by the Chicago Plan Commission Thursday.
The development, proposed by Broadway and Wilson LLC, requires a zoning change to establish a nine-story, 103-foot tall building in place of the building housing City Sports, Wilson Optical, Family Dollar and Rainbow shops, according to the meeting agenda.
The development will have multi-tenant retail space on the ground floor and include 44 parking spaces, developers said.
The third floor will have about 23 units and outside space. The typical floor plan for floors four through nine will include about 29 units. The roof will also have outdoor space, developers said.
The development would include a mix of one-bedroom, two-bedroom and studio units.
Housing activists have complained about the lack of affordable housing in the building. Five units will be designated as affordable and developers will pay about $1.5 million into the Low Income Housing Trust Fund in lieu of including more affordable units.
Next, the development must be approved by the City Council's Zoning Committee, Ald. James Cappleman (46th) said.