State of the South Loop 2014

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Nov 152014
 

Today we gathered for our annual State of the South Loop meeting at Daystar’s Venue, 1550 S. State street.

Note: Additional information will be added to this blog post as it is compiled.  We wanted to get all of the presentations posted to share them with you as soon as possible. Please check back for more information.

 

State of the South Loop 2014

A few supporting notes from Steven:

Slide 3. The South Loop had a banner year in 2007, as calculated by average new construction cost. The big things in 2007 were the multiple permits issued for Roosevelt Collection, totaling almost $300 million. And according to our new housing units counter that adds up the number of new construction units in multi-unit buildings, there were 2,430 units permitted in 2007. Only 180 were permitted in 2008. So far this year there have been 400 units permitted.
Slide 4. This chart compares the South Loop to the West Loop, showing the aggregated estimated costs of permitted projects each year. The West Loop has been booming lately, with several new multi-unit buildings, but apparently not to the extent seen in the South Loop except for one of the 9 years shown, 2013.
Slide 5. In 2007, the year Roosevelt Collection was permitted, new construction projects in the South Loop – a place that represents 1.7% of the city’s area and around 2% of its population – comprised 21% of total, estimated construction costs.
Slide 6. The South Loop has basically tracked with the West Loop in demolitions, as the differences between them are very small, ranging between 0 and 12 demolished buildings per year.
Slide 8. The Greater South Loop area saw very few teardowns, where one building – often an existing home – is torn down to make way for a new home, often bigger and more expensive than extant. Teardown activity in Chicago is most common in North Center, West Town, Lincoln Square, Logan Square, and Lincoln Park.
Slide 9. The South Loop has had a handful of low construction periods relative to the city as a whole, but current plans for construction (remember those 400 units permitted this year), in addition the DePaul arena, Marriott hotel, and the CTA station, indicate that the South Loop isn’t done growing. The South Loop has a greater potential than most neighborhoods to keep growing because it still has vacant property and zoning allows more density while much of the rest of the city can’t build anything more than a three-flat.

 

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Summary of 3/15 GSLA Community Updates Meeting

 GSLA Meeting  Comments Off on Summary of 3/15 GSLA Community Updates Meeting
Apr 062014
 

We had a great crowd for GSLA’s most recent Community Updates meeting on March 15th, but we also know not everyone could make it that day. Here are a few notes from the featured presenters.

Ping Tom Memorial Park and Fieldhouse:

The fieldhouse offers a wide list of activities including classes, a pool, a fitness center, a gym and community rooms, which includes a Skyline Patio Deck.  For more information, visit: http://www.chicagoparkdistrict.com/parks/Ping-Tom-Memorial-Park/ or call 312-225-3121, or check out our first installment of sOUTh and ABOUT.

Aaron Joseph, Deputy Sustainability Officer, Office of the Mayor, City of Chicago:

Aaron is a South Loop resident, and was invited to give an overview of recent successes and current priorities of Chicago’s various sustainability initiatives. The vision for the City is to be a more competitive city nationwide. This includes improving our energy efficiency, our waste/recycling handling and our transportation. Email sustainability@cityofchicago.org for more information on recycling, the retrofit program, an energy audit, or sustainability in general.

Recent programs include:

  • Retrofit Chicago— The goal is a 5% reduction in energy use city-wide. It started with municipal projects and includes a voluntary program for commercial buildings, with a City match. There is also a residential aspect. Some of the means are to reduce solar costs, make the application process (permitting) easier and faster.
  • TOD ordinance— Encouraging more flexibility and higher density in development near transit. The ordinance for this was approved in October, 2013.
  • Chicago is the first city to have a “LEED-like” program for public ways. Encourages use of more recycled materials and better storm water management. See more on the CDOT web site.

More info at:

 

Vice District Brewing Company

VDBC has leased space at 1454 S. Michigan in the landmark building there. It will be a tap room to taste beer produced on the premises. They will have a 7 barrel system in an open floor plan. It’s a 2200 square foot space, and they will have an occupancy of 99 people. They intend to have a communal feel, with long tables, high top tables and lower tables. They anticipate a glass front which will open on to street level in nice weather. They will not make food, but will sell packaged food and allow patrons to bring in their own food or have food delivered. They will also sell locally produced and craft spirits.

Their anticipated hours will be Monday (closed except for private events); T-Th 4 pm to 11:30 pm; F 4 pm to 1 am; Sat noon to 1 am; Sun 11 am to 1 am (during games, probably a later start on non game days). They submitted plans in early March and hope to start their building within 6 weeks. They would like to open mid June, but certainly by July 4th weekend.

The name is a nod to the history of the neighborhood, as is the use of a landmark space.

They are applying for both a tavern license (to sell beer for consumption on site) and a package license (to sell beer to go). At Alderman Dowell’s request, they agreed to limit the package sales to their own beer.

In response to a concern expressed on a local blog, they indicated that there is no communal entrance between their space and Sod Room upstairs. The owners of the Sod Room are very supportive of their use and see no issues of concern. There are only a few hours a week with overlapping hours.

Meeting attendees were asked for the feedback on the VDBC proposal. Notable comments included:

  • I love everything.
  • I think it’s a lovely idea.
  • Welcoming to all. Not a young-person-only place or a sports-only place.
  • Would like to see active partnership with neighboring businesses and the local tourism industry.

Windy City Real Estate

WCRE is looking to rehab the buildings located at 21st and State and 21st and Wabash (currently the Blue Star Automotive space) into mostly 3 bedroom apartments of approximately 900 square feet. There will be a total of 25 apartments, 3 in the Wabash building and 22 in the State building. The buildings will not be connected (they are across an alley with an overhead El from each other) but will share the parking lot. There will be one substandard building demolished, the other two buildings will be rehabilitated.  There will be 19 parking spaces for the development. They anticipate 6 to 8 spaces will be assigned to tenants, the remainder will be for sharing amongst the retail spaces. This allocation is based on their information from other developments they have done.  The parking will be entered from the alley, so no new curb cuts.  Their rental price points for the 3 bedroom units will be approximately $2200, which is comparable to 2 bedroom units elsewhere. They will have retain space on the first floors of approximately 20,000 square feet. They anticipate the Wabash building will be a single retail space, sized for restaurant and anticipate the State Street building could be multiple retail outlets.

Meeting attendees were asked for the feedback on the WCRE  proposal. The comments received at the meeting, and subsequently online, were generally supportive of the project. Neighborhood residents who provided feedback noted their appreciation that WCRE is aiming to preserve and reuse an existing building, and to provide affordable residential options in the South Loop

There were concerns expressed that not enough parking was being provided. WCRE responded that they find most tenants do not have cars and this parking ratio is consistent with their other buildings. All of the spaces are available to be assigned to tenants, and those not assigned with a lease are retail.

There was also support expressed at the meeting for keeping some of the aesthetic and historic characteristics of the current building, in particular the Blue Star sign.  A subsequent blog post by someone present, but not expressing an opinion at the meeting, indicated further support for keeping more of the façade of the building to preserve the building’s history.

2000wabasharender 2001_s_state FILTERED unit 2 render

Alderman Pat Dowell, 3rd Ward

Alderman Dowell presented a range of 3rd Ward updates and suggested that GSLA have McCormick Place officials return for an upcoming Community Updates meeting to bring everyone up to speed with their expansion plans.  She also let us know that the 18th Street CTA connector is being painted in April, so 18th Street will be closed sporadically. The March 3rd Ward newsletter is very comprehensive.

Snap Fitness

Snap Fitness is a new business member of GSLA. Located at 1212 S. Michigan, Snap Fitness is a new gym open 24 hours a day. Membership is $39.95 a month or $59.95 for family plans. They have classes on video, so you can pick whatever you want to do anytime. http://www.snapfitness.com/gyms/chicago-il-60605/5595 or 312- 533-4646.

 

All told, a great meeting. GSLA’s next Community Updates meeting is scheduled for May 17, from 9am to 10:30am, at the Daystar Center.