A new zoning application has been submitted for the mixed-use development at 330 N Clark Street in River North. Located almost on Chicago river, the new building would rise in the small parking lot at the northeast corner of the existing Reid Murdoch Center. Although it was originally proposed in 2016, the project has received a handful of changes over the years as it has worked towards getting off of the ground. Now developer Friedman Properties is proposing another change to the HKS Architects-designed structure.
The original Planned Development application for the project was approved in 2016 and allowed the developer the standard six-year period to begin construction, since then it has sat quietly until last year when it applied for a one year extension that expires in September of 2023. This most likely led to this week’s rezoning application as Friedman Properties looks to potentially pivot the program for feasibility. If built, the 275-foot by 80-foot site would hold a new 33-story, 369-foot-tall tower with a sharp angular design.
Current plans call for a ground-floor bar and restaurant along with a lobby for the hotel and office space above. Floors two to seven would contain over 80,000 square feet of new office space capped by the hotel’s sky lobby above the 7th floor, this would feature a new rooftop terrace on top of the existing Reid Murdoch building. Floors eight through 11 would have a small conference center, restaurant, bar, and amenity spaces including a fitness center, pool, and spa as well topped by 500 hotel rooms as the building angles out over the driveway below.
However the latest rezoning applies to have part of its program changed to include residential units. While the application states that at the time the project will move forward as-is, we may see either the office floors or some of the guest rooms converted in the future prior to construction in order to get the project to land financing. However it is worth noting the expansion of the riverwalk in front of the Reid Murdoch still appears on the plans, as does the grid-like glass facade with multi-tone metal panel accents.
The application amendment will go in front of City Council later this week where we can most likely expect an approval. However at the moment there isn’t much more information on any groundbreaking as we can also assume the original cost from 2016 has greatly ballooned by 2023, though as we mentioned it must begin construction by September unless it secures another extension before then.