RIVER WEST — Thousands of condominium models and a lodge could change the former Salvation Army assets and a neighboring web site methods from the city’s initially casino in River West.
Chicago-centered Shapack Partners programs to renovate two locations, like the shut store at 509 N. Union Ave., into an condominium-lodge hybrid campus, in accordance to two zoning applications submitted to the city.
The residence together Grand Avenue concerning Desplaines Street and Union Avenue would be divided in between a 141-area lodge and a 1,110-device apartment building. The hotel would be together Union Avenue, whilst the flats would be generally together Desplaines Avenue, according to the zoning files.
Shapack strategies for a a few-constructing condominium sophisticated southwest of the Salvation Army house together the intersection of Milwaukee and Union avenues and Hubbard Street, according to the programs. The 1,159-apartment campus would also function ground-ground retail and workplace house.
There are 454 very affordable models prepared over-all, with 222 for the lodge-apartment hybrid and 232 for the three-setting up apartment elaborate.
Representatives from Shapack Associates were unavailable for comment.
If authorized by Metropolis Council, the huge progress would be walking distance to the $1.7 billion Bally’s on line casino slated to be constructed at the Chicago Tribune Flexibility Center, which is waiting around last acceptance from the Illinois Gaming Board.
The Salvation Military shut in March, citing substantial disruptions induced by the COVID-19 pandemic. The site was household to a thrift retailer and an adult rehabilitation middle, which also shut in March. Shapack Partners bought the campus in Could for $25 million, in accordance to Crain’s.
Known for its superior-profile projects in the Fulton Current market District, Shapack Companions is dependable for creating Hoxton Lodge, Soho Dwelling and 167 Eco-friendly Road, which is dwelling to a famous basketball courtroom searching out to the skyline.
Most just lately, the enterprise received approval for a 36-tale combined-use making at 170 N. Environmentally friendly St. The house is a three-pronged advancement and will incorporate flats, hotel rooms and commercial house.
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