The Chicago City Council has approved the mixed-use development at 1234 W Randolph Street in Fulton Market. Located on the intersection with N Elizabeth Street the building replaces a handful of low-slung commercial structures after having originally been proposed as a hotel a few years back. Now after receiving its approval from the Plan Commission and comments from the Committee on Design, developers Azur Holdings, and Golub & Company have cleared some of the last hurdles towards construction for the SCB-designed project.
The L-shaped tower is made up of two interlocking pieces with different heights and facades in order to break up the overall massing, which has been seen in other high-rises in Toronto and the East Coast. The taller northernmost portion will reach the full height of 41 stories and 460 feet in height running the long side of the L-shape, this block will be clad in a curtain wall facade with black and orange metal panel fins and spandrels. The shorter southern block will cap out at 33 stories and be clad in a similar glass facade but broken up by alternating white vertical fins.
The podium below will rise four stories and be clad in terracotta and translucent metal panels concealing the large 113-vehicle and 390-bicycle parking garage behind it, with the ground floor having a small lobby and retail space off of Randolph Street. The podium would be capped by a large amenity floor and outdoor deck with pool, with 395 residential units made up of studios, one-, and two-bedroom layouts in the tower above. Of these units, 79 will be considered affordable for those making 60 percent AMI, with all residents having access to additional amenities on the 33rd-floor setback.
While originally proposed with a small pocket plaza, the building’s street front will now feature planters with trees and seating along their base as the retail space will have fully operable windows. With this final rezoning approval from the city, the $160 million project is now cleared to move forward with a groundbreaking but will need to apply for demolition and construction permits. While no formal date has been announced, if financing is secure then the developer is aiming for a mid to late 2024 start date.