A zoning application has been submitted for the upcoming mixed-use tower at 1565 N Clybourn Avenue in the Near North Side. The slender structure would sit on the corner with N Halsted Street, with news on the project breaking late last year. The application was submitted by developer The Georgetown Company for the bKL Architecture designed building.
The new building would occupy the entirety of the nearly 12,000 square-foot site, replacing an existing commercial building that most recently held a Bank Of America across the street from the New City mall. The lot itself has been owned by the developer for a while as it also owns and manages the adjacent retail building containing Design Within Reach, as well as the 158-vehicle parking garage behind them.
Rising 37-stories and 450-feet in height, the project would roughly have a rhombus-like shape with a 2,500 square-foot retail space on the ground floor. Along with that will be a small residential lobby located off-of a redesigned throughway adjacent to the existing retail building and leading to the parking garage. Since it includes no additional parking, 70-spaces within the garage will be for residents, 73 for retail, and 15 for employees.
The rest of the lower floors would hold some amenity spaces and a small terrace. The majority of the tower will contain 396-residential units made up of studios, convertibles, one-, and two-bedroom layouts, of which 79 will be considered affordable. Residents will also have access to 396-bicycle parking spaces and a rooftop deck with a small pool deck.
Clad in a brick and glass facade on the lower floors, the upper floors will feature a dark metal grid system with a glass crown at the top. The Transit Oriented Development will need to gain approval from the alderman still, after a recent community meeting that focused on the density and parking. If all approvals are granted, the developer hopes to break ground on the tower in 2025 with an expected completion date in 2026.