Plans for an apartment and hotel tower on the edge of the Kennedy Expressway at Randolph Street have changed, even though the city of Chicago has already approved this project.
Developer Related Midwest envisions the project ay 725 West Randolph as a gateway to Chicago’s Restaurant Row, and until recently saw it as a single apartment tower with a hotel. Now it’s asking for permission to add a second building across West Court Place, at the corner of Washington and Halsted. The reason for the increased ambition is simple: Related managed to buy the Bank of America branch located there.
The second building would be office space, and rise to a height of 250 feet. The notion for the original building with the Equinox-branded hotel and 370 apartments has been trimmed about 60 feet to 550 feet tall, in part, because with the extra space, parking can be put below street level instead of in a soul-sucking podium.
At a public meeting about this project, 27th Ward Alderman Walter Burnett said he’s OK with the revised plan. However, it still has to go through the Plan Commission and a full city council vote. This time last year, that would have been a lock. This year, it’s still likely to pass, but nothing is absolutely certain anymore.