It seems as though the West Loop residential boom is slowing, but not quite dead for Chicago Real Estate. After a project that was first proposed three years ago seemed indefinitely dormant, last week the buildings proposed for 1061 and 1107 W. Van Buren Street received permits to move forward with the residential renting units. This development shows that while the project is advancing other issues were incurred to slow down construction.
While the building originally called for 402 rental units and 236 spaces for parking, it looks as though the latest plan calls for some downsizing. Currently on file, the new plan has 298 units and 140 parking spots. One can only speculate on the cause of the downsizing.
The design is a product of Miami-based firm, Arquitectonica, and brings the expected South Beach style. The building, though one connected structure, will appear stitched together by connected balconies, creating a zig-zag pattern to break up the monotonous block look displayed by high rises of yesteryear.