CHICAGO | 400 N Lake Shore Drive | 851 FT & 765 FT | 73 & ? FLOORS - Page 107

AlpacaObsessor · #**2121** Posted **Oct 10, 2023, 9:15 PM**

Quote:

Originally Posted by BrickellBased

I just noticed that the 900 W Randolph 'The Row', Related's most recent project, also had on site affordable.

See https://www.164peoriaaffordable.com/

Although rents are behind a login. But I assume they are similar to https://onesixsixchicago.com/p/affordable-apartments/ as described in my previous post.

Yeah, I believe they went down to 50% AMI for the IHDA financing.

JN12Franklin · #**2122** Posted **Oct 13, 2023, 9:50 PM**

YOOOOOO

Construction Logistics Community Meeting:
400 North Lake Shore Drive
Alderman Reilly and the Streeterville Organization of Active Residents (SOAR) are co-hosting a community meeting with Related Midwest to discuss the start of construction at 400 North Lake Shore Drive. The meeting will take place on Tuesday, October 17 at 6:00pm via Zoom.

In 2018, Alderman Reilly denied Related Midwest’s original proposal for this location based on resident feedback. After making significant changes, their proposal secured City Council approval in June 2020. Please click here for more information regarding this planned development.

Pre-registration for this community meeting is required and there will not be an open Q&A session.

A recording of this meeting will be posted in Reilly Reports and on our website.

Zapatan · #**2123** Posted **Oct 13, 2023, 9:52 PM**

I wonder if they can negotiate some height back, still fine with 875' though.

BrickellBased · #**2124** Posted **Oct 13, 2023, 10:04 PM**

Brilliant. We should be getting some deets next week on what is afoot!

Quote:

Originally Posted by JN12Franklin

YOOOOOO

Construction Logistics Community Meeting:
400 North Lake Shore Drive
Alderman Reilly and the Streeterville Organization of Active Residents (SOAR) are co-hosting a community meeting with Related Midwest to discuss the start of construction at 400 North Lake Shore Drive. The meeting will take place on Tuesday, October 17 at 6:00pm via Zoom.

In 2018, Alderman Reilly denied Related Midwest’s original proposal for this location based on resident feedback. After making significant changes, their proposal secured City Council approval in June 2020. Please click here for more information regarding this planned development.

Pre-registration for this community meeting is required and there will not be an open Q&A session.

A recording of this meeting will be posted in Reilly Reports and on our website.

Steely Dan · #**2125** Posted **Oct 13, 2023, 11:06 PM**

Giddyap!

Xmas 2023 is on.

Gonna stock up on the egg nog now.

BVictor1 · #**2126** Posted **Oct 15, 2023, 1:33 PM**

850' - 9"

sentinel · #**2127** Posted **Oct 15, 2023, 1:42 PM**

Quote:

Originally Posted by BVictor1

850' - 9"

Source, please.

lakeshoredrive · #**2128** Posted **Oct 15, 2023, 9:01 PM**

Quote:

Originally Posted by BVictor1

850' - 9"

ajradfotwo · #**2129** Posted **Oct 15, 2023, 9:04 PM**

Quote:

Originally Posted by sentinel

source, please.

I'll pretend he said 1850' - 9"

Zapatan · #**2130** Posted **Oct 15, 2023, 10:43 PM**

Quote:

Originally Posted by lakeshoredrive

Not too bad of a chop, it also could be excluding parapets etc. but even if not 850' is a nice height.

We can also round to 851'.

Quote:

I'll pretend he said 1850' - 9"

I feel like Chicago or NY should've done this by now but someday hopefully.

Steely Dan · #**2131** Posted **Oct 16, 2023, 9:45 PM**

Quote:

Originally Posted by Zapatan

Not too bad of a chop, it also could be excluding parapets etc.

Yeah, we need bvic to confirm if that figure he posted is just the new zoning height (underside of roof structure over highest occupied floor), or the true full height of the tower from grade to top of structure.

Zapatan · #**2132** Posted **Oct 18, 2023, 12:02 AM**

Quote:

Originally Posted by Steely Dan

Yeah, we need bvic to confirm if that figure he posted is just the new zoning height (underside of roof structure over highest occupied floor), or the true full height of the tower from grade to top of structure.

If it were the zoning height maybe it could even be a little higher than 875? Or was that the max allowable for the site?

Anyway, it'll have the impact of One Bennet Park but IMO will be a bit nicer looking, and of course will eventually have a fraternal twin.

I wonder how the scale of the other building will be affected.

mh777 · #**2133** Posted **Oct 18, 2023, 12:48 AM**

Did anyone tune into tonight's meeting? Or have a recording they could share?

pullmanman · #**2134** Posted **Oct 18, 2023, 1:56 AM**

Found a tweet from two hours ago, so likely someone who attended the meeting. Seems like pretty big news, unless I missed it elsewhere

Quote:

Now you see it, now you don't. Second tower at Related Midwest's 400 North Lake Shore has disappeared, at least until the first 635 apartment, 840-foot-tall tower is completed in 2027. Construction to start 1Q/2024.

May warrant one of the old-school emojis

BVictor1 · #**2135** Posted **Oct 18, 2023, 2:01 AM**

Quote:

Originally Posted by mh777

Did anyone tune into tonight's meeting? Or have a recording they could share?

-Ready to start in about 45 days
-635 units
-3 1/2 years of construction
-2 1/2 acre site
-DuSable Park used for staging phase 1 constitution but needs to be completed and landscaped before getting occupancy permits.
-North Tower first

Now you see it...

Now you don't...

mh777 · #**2136** Posted **Oct 18, 2023, 2:22 AM**

Thanks BVictor. Great news they're breaking ground in this environment! Regarding the tweet earlier, the south building won't start until the north is complete in 2027? That's going to look awkward for a few years then. Is the south building condos? Hotel? Any ground floor retail? Would be nice to have another restaurant/bar in that area.

BrickellBased · #**2137** Posted **Oct 18, 2023, 2:33 AM**

Awesome that this is starting Q1.

Really this is a pretty significant moment - after almost 15 years of waiting since the failure of the spire, it's finally happening.

Does removing that other building from the render imply that they don't intend to develop a similarly styled twin? What are they trying to say? Did they explain?

If this is like NEMA that originally had a twin and they only developed one of them, I think this is a positive development in my opinion, rather than them committing to 765 ft. It leaves the door open for something bigger hopefully.

But also, does this mean that the entire $500m in the financing they are seeking is just going to this one tower?

Very confused atm but excited to learn more.

pullmanman · #**2138** Posted **Oct 18, 2023, 2:40 AM**

Quote:

Originally Posted by BrickellBased

Does removing that other building from the render imply that they don't intend to develop a similarly styled twin? What are they trying to say? Did they explain?

I'm posted the tweet and I think I jumped the gun with my reaction. It doesn't seem like that render means the final plans for the site are any different, but instead that they'll build the taller north tower first.

BrickellBased · #**2139** Posted **Oct 18, 2023, 2:46 AM**

Ah ok - thanks for clarification.

Well lots can change between now and 2027. These twin type developments have a habit of falling through.

Does anyone know what they maximum height they have approval for here at the moment?

Quote:

Originally Posted by pullmanman

I'm posted the tweet and I think I jumped the gun with my reaction. It doesn't seem like that render means the final plans for the site are any different, but instead that they'll build the taller north tower first.

ChiND · #**2140** Posted **Oct 18, 2023, 3:58 AM**

This is really exciting! These buildings are beautiful!!