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  #18641  
Old Posted Yesterday, 12:39 PM
Handro Handro is offline
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Condo tower at 37 S. Sangamon was approved by the plan commission: https://urbanize.city/chicago/post/c...rk-37-sangamon



Really happy to see this one moving forward to create a really nice streetscape around the park there. I worked down the block up until recently and that empty lot created a really gaping hole.

Can someone help me out here, though--I've never been able to figure the milestones for buildings. After Plan Commission approval, is it usually on the City Council's next agenda, and then if approved it can get a permit to start construction? And if a zoning change is required, the zoning approval comes before plan commission approval?
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  #18642  
Old Posted Yesterday, 12:54 PM
the urban politician the urban politician is offline
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^ Plan Commision approves zoning change, then city council signs off.

Then permits.

The 2 barriers of any project are zoning and financing.

So now all that matters is that they meet their presale requirements to lock in financing. I bet that they will. Homes and Condos seem to really be on fire right now

Interestingly, anecdotally I have a lot of tenants who want to move out to buy a home but they can’t because literally they either can’t find a home or they aren’t sure if their offer will be accepted due to how heated the market is right now. So in a sense, the lack of home inventory is keeping a logjam in place forcing people to continue renting.
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  #18643  
Old Posted Yesterday, 2:18 PM
marothisu marothisu is offline
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It's interesting how much density has built up around that park in West Loop. A good thing.
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  #18644  
Old Posted Yesterday, 2:35 PM
west-town-brad west-town-brad is offline
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Quote:
Originally Posted by Handro View Post
Condo tower at 37 S. Sangamon was approved by the plan commission: https://urbanize.city/chicago/post/c...rk-37-sangamon



Really happy to see this one moving forward to create a really nice streetscape around the park there. I worked down the block up until recently and that empty lot created a really gaping hole.

Can someone help me out here, though--I've never been able to figure the milestones for buildings. After Plan Commission approval, is it usually on the City Council's next agenda, and then if approved it can get a permit to start construction? And if a zoning change is required, the zoning approval comes before plan commission approval?
great to see parking is conceded by active use space
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  #18645  
Old Posted Yesterday, 2:44 PM
west-town-brad west-town-brad is offline
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Quote:
Originally Posted by the urban politician View Post
^ Plan Commision approves zoning change, then city council signs off.

Then permits.

The 2 barriers of any project are zoning and financing.

So now all that matters is that they meet their presale requirements to lock in financing. I bet that they will. Homes and Condos seem to really be on fire right now

Interestingly, anecdotally I have a lot of tenants who want to move out to buy a home but they can’t because literally they either can’t find a home or they aren’t sure if their offer will be accepted due to how heated the market is right now. So in a sense, the lack of home inventory is keeping a logjam in place forcing people to continue renting.
WSJ cites there is a deficit of 4 million homes in the US right now to meet current buyer demand. Buyers are going to have to consider areas they would not normally consider, keep renting, or pay more.
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  #18646  
Old Posted Yesterday, 3:10 PM
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harryc harryc is offline
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Quote:
Originally Posted by west-town-brad View Post
great to see parking is conceded by active use space
It was such a nice vacant lot ...... 2018
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  #18647  
Old Posted Today, 1:27 AM
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left of center left of center is offline
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Quote:
Originally Posted by Handro View Post
Condo tower at 37 S. Sangamon was approved by the plan commission: https://urbanize.city/chicago/post/c...rk-37-sangamon



Really happy to see this one moving forward to create a really nice streetscape around the park there. I worked down the block up until recently and that empty lot created a really gaping hole.

Can someone help me out here, though--I've never been able to figure the milestones for buildings. After Plan Commission approval, is it usually on the City Council's next agenda, and then if approved it can get a permit to start construction? And if a zoning change is required, the zoning approval comes before plan commission approval?
I love the massing. Very art-deco-esque with its wedding cake setbacks.

Build it!
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