Quote:
Originally Posted by Toasty Joe
Anyone know how tall was this zoned/approved for? And any idea how tall SB could've gotten it with accessible air rights/re-zoning?
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I'm fairly certain this site is zoned as dense as Chicago zoning gets, which is DX-16. There is no height limit, but as-of-right only allows a 16 story building to occupy the entire site. Towers get more height in Chicago through a mix of setbacks (area omitted from lower floors may be added to the top of the building in a 1:1 ratio) and monetary contributions to various city funds. So in a way the density is only limited by 1. the developer's pro forma 2. the developer's willingness to pay for extra area and 3. the aldermen and city council PD approval.
Looking at the PD submission, this tower was approved for (and likely used all of) an FAR of 25.974. Even in the Loop that is very dense. Chances are this one was not going to get any larger or taller.
(Also it looks like an amendment was approved for the PD to add an operable window wall to the second floor on Michigan Avenue. Anyone know what tenant is looking to move up there?)