New plans have been revealed for the commercial development at 1010 W Madison Street in the West Loop. Located directly on the intersection with N Morgan Street, the proposal will replace a vacant parking lot previously earmarked for a residential building. Now the same developer, Fulton Street Companies, has changed directions from the SCB-designed mid-rise to a new short structure from Gensler.
Plans for the site’s redevelopment were first revealed in 2021, with the original proposal rising 10 stories and named Momad after the intersection it sits on. With no ground-floor retail, the purely residential building would have held 25 for-sale condominiums ranging from one- to four-bedroom layouts. However due to the declining condo market, the developers have decided to pivot towards the new use.
The 17,000-square-foot lot will now become a 40,000-square-foot bath house in partnership with New York-based Bathhouse. Following the success of similar companies like Aire, this new outpost will rise two stories with concrete arches and opaque windows on the outside. Inside will be the large spa, multiple pools, restaurant, and more as well as a large rooftop pool and deck.
Further design work is needed on the property, with a revised budget still unknown. Given it will also forgo ground-floor retail, the new proposal most likely will not require any additional zoning changes. Currently construction is scheduled to commence in the first quarter of 2024, with an anticipated opening date of spring 2025 according to Crain’s.