The Chicago Plan Commission has approved the residential development at 1225 S Indiana Avenue in the South Loop. Located on the northeast corner of the intersection with E 13th Street in the rear of One Museum Park, the proposal dubbed ‘Parkway Residences‘ will replace a long-time vacant lot marked for a low-density project. Developer Greif Properties is working with local firm 2RZ Architecture on the building and Blue Stem Design on its landscape.
Rising five stories at 61 feet in height, the low-rise will live in the shadows of surrounding NEMA’s 900-foot and One Museum Park’s 730-foot towers. Arranged in a loose Z-shape, the project will begin with an underground parking garage with 87 vehicle spaces accessed via a ramp on 13th Street. The ground floor above will feature a small landscaped public park on the main street corner, residential lobby, fitness room, 100-bike parking room, along with a handful of units.
The remaining floors of the 91,000-square-foot development will hold the rest of the 100 total residential units made up of 60 one-bedrooms averaging 650 square feet, 13 two-bedrooms at 960 square feet, 12 three-bedrooms at 1,340 square feet, 13 three-bedrooms at 1,360 square feet, and two four-bedrooms at 2,090 square feet. However the developer did not reveal any information about the required affordable units, 20 percent, for those making 60 percent of the AMI or around $70,000 a year.
The overall massing will be broken up with a cast-stone block facade on the lower two levels and gray masonry brick on the remaining floors with cantilever balconies and a small rooftop deck. Expected to create 300 temporary construction jobs, the multi-million dollar project will take roughly 14 to 16 months to be completed. At the moment no timeline has been revealed as it still will need approval from City Council and apply for permits after.