A new residential development is in the proposal phase for 1225 S Indiana Avenue in South Loop. The privately-funded project, dubbed Parkway Residences, will replace a vacant grass lot with a five-story building containing 100 for-rent dwelling units. In collaboration with unknown developer, 2RZ Architecture has envisioned the low-rise structure to include landscaped terraces, a club room, a fitness room, a sprawling rooftop terrace, and an accompanying public park. The heavily landscaped grounds have been conceived by the landscape architecture firm Blue Stem Design.
According to the PD application, the building will have a total floor area of 91,000 square feet of leasable space and a maximum height of 70 feet. The unit mix will include 60 one-bedrooms (656 sq ft average), 13 two-bedrooms (963 sq ft average), 12 three-bedrooms (1,339 sq ft average), 13 three-bed duplexes (1,366 sq ft average), and two four-bed duplexes (2,089 sq ft average). As for affordable options, the current number of planned on-site residences has not been revealed. Meanwhile, the 52 parking spaces will be located within the basement level, with access from E 13th Street. Meanwhile, there will be a bike room with 100 spaces on ground level.
The design of the building aims to complement the existing context while allowing for a pedestrian-friendly streetscape. The facade will be clad in a variety of brick, metal panels, cast stone, and glass materials, with projecting bays and balconies for added visual interest along the exterior.
The project is located in a prime location in South Loop, close to a broad range of amenities. The site is within walking distance of Grant Park, Museum Campus, Soldier Field, McCormick Place, and Lake Michigan. Future residents will also find various nearby bus Routes 1, 2, 3, 4, X4, 6, 12, 18, 26, 28, 29, 62, 146, and 192. There are also multiple rail options, such as the Red, Green, and Orange CTA lines three blocks west at Roosevelt Station, along with the Metra located just to the north.
The development was originally proposed summer 2022 and most recently discussed on March 16 at a town hall meeting for Alderman Dowell. The application can be viewed here. Plans will still need to be approved by the Plan Commission and City Council before work can begin, though the construction timeline itself would span 14-16 months, according to an article by Block Club Chicago.