Just three weeks after the Chicago Plan Commission approved construction for 400 North Elizabeth, it has received a demolition permit. The Plan Commission meeting was held May 16; the demo permit was issued June 6. That means activity is imminent on the two-tower, 724-unit apartment development in the Fulton Market District of the West Loop.
Designed by Archeo Design Studio, these two towers will be built in separate phases. The East Tower is expected to come first, delivering 383 rental units across 33 stories. The West Tower and its 341 units will come next, but in a slightly shorter 31-story package. Expect nearly 350 parking spaces for the entire project, as well as 2,000 square feet of retail space included in the development.
The two-story portion, fronting North Ogden, of 400 North Elizabeth. Photo by Daniel Schell
Photo by Daniel Schell
The two-story portion along North Elizabeth. Photo by Daniel Schell
Photo by Daniel Schell
Boarded up and covered by graffiti. Photo by Daniel Schell
Photo by Daniel Schell
The demolition permit, via Chicago Data Portal
Weldon Development Group and Mark Goodman & Associates are the co-developers of 400 North Elizabeth. No general contractor has been announced yet, but we do know Atlas Industries is named in the demo permit as the demolition contractor. The now-graffiti-covered two-story brick building currently occupying the site, most recently home to Lakeshore Beverage, has been vacant for awhile now.
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The only “imminent” activity to happen on this site will be the demolition. It will sit as an empty lot, like several, similar sites nearby with approved projects that are stalled. If the lending market recovers, those other projects will have higher likelihood of being realized as they are better located and better designed.