The new developers of the property at 1333 South Wabash have come up with a new proposal for what was approved by the city five years ago to be a 268-apartment skyscraper in the South Loop. The new plan increases the number of apartments to 307 units, but only increases the height of the tower six feet to about 276 feet tall.
How does Brininstool+Lynch plan to accomplish this magic for the developer — the less-than-imaginatively-named “1333 South Wabash, LLC?” Two ways. First, the five-story parking podium has been cut back to just three stories. Second, the top two mechanical floors have been merged into the top residential floors. This is possible because the top two floors will be built as nine two-story duplexes.
With the reduction in the scale of the podium at what is officially called “One Triple Three South Wabash” comes a reduction in the number of parking spaces. Under the previous developer, the building was approved for 260 parking spaces. That has been sliced back to just 200 now.
The previous developer started the project, but didn’t get far. It was foreclosed on in 2009. The foundation work that was done for that building will be used for the new building.
The developer also plans to ask the city to fold the property to the north into the Plan Development for the tower in order to achieve the zoning density he requires. In the end, the new building is 410,000 square feet — 35,000 square feet larger than the old plan.
More juicy bits of tid:
- There will be no curb cuts on Wabash Street. All loading and vehicular access will be through the alley running parallel to South Michigan and South Wabash Avenues.
- 3,000 square feet of ground floor retail space. Probably a single shop.
- 100% green roof on the tower.
- Common area on the podium roof, with a dog run.
- Facade is all glass. Using a combination of opaque, clear, and translucent panels. The previous plan had reflective glass, too, but this has been eliminated. The various panels will be arranged in a seemingly random pattern so the building is more visible to birds.
- The glass podium of the facade will be backlit at night so the building casts a soft glow onto Wabash Avenue.
- 65% of the apartments will have one bedroom and be about 700 square feet with rents around $1,750.
- 30% of the apartments will have two bedrooms and be about 1,200 square feet with rents around $2,300.
- 5% of the apartments will have three bedrooms.
- The developer hopes to get city approval next month, and start construction in the fall.
- The first people should be able to move in a year after construction starts.
- The building is expected to take 18 months to build.
- No public parking is planned.