Chicago Planners OK Pair Of Mixed-Use Developments

Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com CHICAGO PLANNERS OK PAIR OF MIXED-USE DEVELOPMENTS Chicago officials have approved plans for a pair of developments that would bring 920 residences, office space and hotel rooms to the New Fulton Market area, Block Club Chicago reports. The plans include a 49-story tower at 725 West Randolph Street, developed by Related Midwest, and a 33-story building at 1150 West Lake Street by LG Development. The West Randolph proposal had earlier called for a 58-story tower (ELENET 720), but the reduced-height building will include 370 apartments and a 240-room hotel, plus an adjacent 15-story office building. The towers would share a four-story podium with parking, retail and a gym. On West Lake Street, LG hopes to build a 33-story apartment tower and an 11-story office building, both offering ground-level retail. The residential building would have 550 units, up from 484 originally proposed. The US$315-million plan would include 110 units priced for lower-income residents. Image credit: courtesy Block Club Chicago To read the full transcript of today's podcast, visit: elevatorworld.com/news Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn