ZSD wins key approval for controversial West Loop condo project

The City Council’s Zoning Committee endorsed plans for the 25-unit building at 123 South Peoria Street

Chicago /
Jun.June 27, 2019 11:27 AM
Alderman Walter Burnett and ZSD principal Zev Salomon with a rendering of 122 South Green Street (Credit: LinkedIn)

Alderman Walter Burnett and ZSD principal Zev Salomon with a rendering of 122 South Green Street (Credit: LinkedIn)

ZSD Corporation’s controversial West Loop condo project is on the verge of becoming a reality after winning a key city approval this week.

The City Council’s Zoning Committee endorsed the Chicago developer’s plan to build the 25-unit building at 123 South Peoria Street near Mary Bartelme Park, according to Block Club Chicago.

The project sparked heated opposition from some neighbors, even leading Alderman Walter Burnett (27th) to storm out of a public meeting on the project earlier this year.

At Tuesday’s committee meeting, Burnett said ZSD principal Zev Salomon addressed concerns over affordable housing in the building by agreeing to build two more units for lower-income residents than the city requires, according to Block Club.

The building now heads to the full City Council for approval next month.

It would join a growing number of condo projects in the West Loop, including JK Equities’ planned 42-unit building at 1400 West Monroe Street, the 32-unit Eveq complex at 14 North Bishop Street, Sulo Development’s proposed 73-unit building at 19 North May Street and Related Midwest’s 36-story condo tower at 170 North Peoria Street. [Block Club] — John O’Brien


Related Articles

arrow_forward_ios
McDonald’s CEO Chris Kempczinski (McDonald, Google Maps, Getty Images)
McDonald’s staying put in Chicago despite high crime
McDonald’s staying put in Chicago despite high crime
Metonic Real Estate Solutions' Bob Dean with 217 North Jefferson Street (Metonic Real Estate Solutions, LoopNet)
Swiss buyer drops $21M on Fulton Market offices
Swiss buyer drops $21M on Fulton Market offices
Evan Fain with Willis Tower
Industrious’ priciest flex space in demand as tenants spurn windowless offices
Industrious’ priciest flex space in demand as tenants spurn windowless offices
Belgravia Group CEO Jon McCulloch along with renderings of the CA6 West Loop condos (Getty, CA6 Condos, Belgravia Group)
This developer sold all its West Loop condos before the building was complete
This developer sold all its West Loop condos before the building was complete
Peppercorn Capital’s Philip Denny and 945 W. Lake Street (CBRE)
Peppercorn looks for big cash-out on ‘covered land’ in Fulton Market
Peppercorn looks for big cash-out on ‘covered land’ in Fulton Market
Telos Group's Nikki Kern along with One South Wacker (left) and 303 East Wacker (right) (Telos Group, Zol87, CC BY-SA 2.0 - via Wikimedia Commons, Getty)
Q&A: Telos Group’s Nikki Kern on retaining office tenants and more
Q&A: Telos Group’s Nikki Kern on retaining office tenants and more
301 S Green Street (Goettsch Partners)
362-unit apartment tower eyed for West Loop
362-unit apartment tower eyed for West Loop
Riverside's John O’Donnell and Blue Star's Tyler Quast with rendering of 566 West Van Buren Street (Riverside Investment & Development Company, LinkedIn, Antunovich Associates)
Riverside, Blue Star propose 198-unit West Loop building
Riverside, Blue Star propose 198-unit West Loop building
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...