CITY HALL — An 11-story building slated for Sheridan Road and Wilson Avenue was unanimously approved by the Chicago Plan Commission Wednesday.
The transit-oriented development at 975 W. Wilson Ave. faced little opposition besides 44th Ward Ald. Tom Tunney, who voiced concerns about the modern design of the building, which contrasts with the older buildings on Sheridan Road.
The design was given the green light by the 46th Ward Zoning and Development Committee, which votes on zoning changes and projects costing more than $10 million in the ward, said 46th Ward Ald. James Cappleman.
The project was approved by that committee 20-2 in March after postponing the vote the month before because it still had unanswered questions.
The committee of 41 members is composed of more than "30 diverse neighborhood organizations," according to the 46th Ward website. Critics of Cappleman have said the committee is composed of his supporters who are apt to approve condominium projects but are opposed to low- and moderate-income housing. (For a full list of committee members click here.)
The development will have 140-155 units, including a mix of convertible, studio, one- and two-bedroom apartments, said Alan Schactman, director and residential business leader of Clayco.
The apartments will rent at market rates, meaning a two-bedroom apartment would be about $2,800 per month, he said.
Developers will put aside seven of the units as affordable housing. Developers will pay a fee instead of building more affordable units on-site as required under the Affordable Requirements Ordinance, Cappleman said.
“We made the decision to split it,” Cappelman said, because the on-site units have to be affordable for those making 60 percent of the area median income, which is about $32,400 for a single person.
The low-income housing fund can be used to build homes designed to be affordable for those making up to 30 percent of the area median income, Cappelman said. Those units do not have to be built in the neighborhood, however.
“That is a better solution,” Cappelman said.
The proposal needs to be approved by the city's Zoning Commission and the City Council.
Check out new renderings below: