Updated plans have been revealed for the mixed-use skyscraper at 420 N May Street in the West Loop. Located on the northwest corner with W Kinzie Street, the proposal will replace a couple of existing structures and their adjacent parking lot. Miami-based developer Crescent Heights presented the HPA-designed plans to the community at a meeting earlier this week. The developer also recently placed the parcel earmarked for NEMA phase II in the South Loop for sale.
The large site will be redeveloped with a single skyscraper with a large podium base that incorporates one of the existing buildings into it, preserving its original facade and incorporating the water tower into the rooftop. However parking was the largest change we saw on its zoning application earlier this year with the number rising from 339 to 440 vehicle spaces. At the meeting it was disclosed the additional spots will be in an underground level so as to not increase the podium’s six-story height.
However the increase was not enough for locals who are demanding for even more parking, although traffic in the area is already heavy and has been a large argument against more development from the community. However the ground floor will provide a small public space in the form of a plaza surrounding the tower’s footprint along the diagonal stretch of N Racine Avenue. This will lead to the residential entrance, 3,140 square-feet of retail space, and some amenities.
Anchoring the project will be the 53-story and 615-foot-tall tower on the west end of the site. Its stacking-box form and direct connection to the street will allow it to appear as an independent structure rather than sitting on a podium. Within will be 587 residential units made up of micro, studios, one-bedroom, two-bedroom, and three-bedroom layouts, of which 118 residences will be considered affordable for those making 60 percent AMI.
However neighbors worry it will be too tall for the area and cast a large shadow on the surrounding smaller buildings; and the alderman asked for the height to be regulated. Now the designers will take the comments back and work on any changes prior to its next review with the city prior to its approvals. The $300 million project has no construction timeline at the moment, with a groundbreaking at least a year away according to Crescent Heights.