Although not yet approved, developer Peerless Real Estate Investment is working to bring two more condo buildings to Chicago’s rapidly growing West Loop neighborhood. According to reports, each building would stand 109 feet tall and be situated right actress from the new McDonald’s headquarters that is replacing the old Oprah Winfrey studios.
The site is also just west of another planned condo development from Belgravia Group, which is set to include 70 3-bedroom units. The new Peerless buildings, if approved, will feature just 28 condos each, but it’s also worth noting that parking for 86 cars and 43 bikes is also part of the project scope.
A zoning application has been filed with the city of Chicago and developers need the site’s current zone usage of DX-3 to be changes to DX-7 in order to fully move forward with the plan. With just 28 condos inside each building, look for units to be more on the luxury side with price tags to match.