Chicago plan commission members approved one Chicago square project at River North. This will be the 6th tallest building in Chicago when completed.
This massive project will replace a parking lot, which extends from Holy Name Cathedral on State Street to Chicago Avenue. This project from JDL development will be mixed–use purpose building. The proposed building consists of two glass towers with 49 and 76 stories on a shared base.
The tallest tower will be about 1,011 feet and will be the eighth tower in Chicago to get the “supertall” classification. Any tower in Chicago, exceeding the height of 984 feet is included in this category.
According to the approved plan, one Chicago square will have 869 residential units. This will include for-sale condos as well as rental condos. The plan also includes commercial and office space, grocery store, restaurant and a luxury health club. There are 865 parking spaces allotted and 225 stalls exclusively allotted for parishioners of Holy Name.
The design of the project is by Goettsch Partners and Hartshorne Plunkard Architecture based in Chicago. The project is expected to offer a number of benefits to the public. JDL will donate $13.2 million to neighborhood opportunity bonus system of Chicago. $11.37 million will be given to an affordable housing fund.
The estimated cost of the project is $500 million. JDL will offer 50 % of the construction jobs to residents of Chicago.