WEST LOOP — Developers will pitch plans for a new 17-story mixed-use building in the West Loop Wednesday night, the latest proposal in the red hot neighborhood.
Crayton Advisors and White Oak Realty Partners aim to develop the building with 258 apartments at West Adams and South Peoria streets, according to a West Loop Community Organization notice. The developer will present plans to the community at 6 p.m. at Merit School of Music, 38 S. Peoria St.
The 855 W. Adams project also would include 13,500 square feet of retail space, 179 parking spaces and 258 bicycle parking spaces, according to the West Loop Community Organization. An existing office building on Jackson would remain.
A two-story building on Adams, parking lot on Peoria and office building at 850 W. Jackson are now at the site.
Last September, the apartments were expected to range in size from a 570-square-foot studio to a 1,070-square-foot two-bedroom unit, according to Neighbors of West Loop.
The site is near Mary Bartelme Park and about a block from a proposed 586-apartment project at the blocklong H2O site at 845 W. Madison St.
The developer is requesting a zoning change from DS-3 to a DX-7 Planned Development.
The proposed development is located in the 25th Ward.
The 855 W. Adams project is one of many proposed for the area that has seen a huge influx of new residential buildings, hotels and office developments, including the new McDonald's headquarters on Randolph and the 12-story McDonald's "Vendor Village" at Lake and Carpenter.