403 N Wabash Condos Facing Strong Opposition

Posted by Helaine Cohen on Monday, March 28th, 2016 at 4:57pm.

Some neighbors of a proposed luxury condo development are passing around information in opposition of the plan.  Known as 403 N. Wabash, the plan is to construct a building on top of a parking garage to the north of Trump tower.  Although the plan first made news in 2014, only recently have neighbors at nearby 405 N. Wabash begun to take renewed interest in the design.

A flyer circulating among neighbors sites “safety concerns”, arguing the development would be too close to Trump Tower and to River Plaza.  The River Plaza Homeowners Association Board has since placed a petition for residents to sign in the lobby of River Plaza.

The flyer includes a rendering of the project’s new design.  Previously more curved on the side facing the river, the new design appears to be more squared-off, with walls of continuous glass.  It also lists that 403 N. Wabash will be 16-stories tall, which would make it one story shorter than the previous description reported in 2015.

Similarly, neighbors of a just approved condo project in the West Loop have also argued safety concerns in opposition of a new development in their own neighborhood.

Helaine Cohen, Chicago Real Estate Broker

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