Subject: Re: Fannie Mae Site Development
From: Jason Wolf (jaydubb12@gmail.com)
Date: Fri Mar 14 2008 - 07:47:48 CST
Good morning.
Brian Stankos and I attended the meeting on the board's behalf.
Below are some bullet points from the meeting.
Project Status: The demolishment is 80% complete. The next steps for the
developer are to finalize the plans and apply to rezone the area from Mfg.
to mixed use. This process is thought to take from 5 -10 months from filing
date. A date has not be set to file
Design: The new plans call for 2 21 story towers on Jackson (one rental,
one condo) with boutique style retail along Jackson. The areas could be
sized to include small to medium sized restaurants. No taverns / bars will
be part of the development. The only liquor liscences with will be granted
are mixed use (Incendental 80% food, 20% liquor) The signed tenants are
still X-Sport and Sundance. Sundance will have a restaurant that will serve
liquor. The are estimateing 370 residential units and about 280,000 square
feet of retail beyond X-sport and Sundance. The parking will have around
1300 spots and a contained loading dock so trucks will not be double parking
on Jackson or VanBuren.
Community Reaction: Most are for the development. A few still have issues
with the towers, but given they will not block anyone's view the most
noticable factor will be its height and materials given the West loop is
mostly brick and low - mid-rise. The are using a 50% green roof for the
project, brink / masonry on Jackson and metal and glass on Van Buren
Notable Notes:
*The project is expetcted to bring in around 4 million / year in taxes
(property and sales)
*The alderman is workig on a Costco for the area around Ashland (South of
1250 I believe). He is also woring on building up the area around the
United Center and working with a Bennigans and other development around
Damon and Western.
In summary those are most of the talking points we heard.
Regards,
Jason Wolf
On 3/13/08, Marty Platten <martyplatten@gmail.com> wrote:
>
> Just curious to know if anyone attended the community meeting held by the
> alderman (Fioretti) tonight concerning the Fannie Mae site
> development. If
> so, was there anything new or interesting to report? Thanks.
>
> Marty
> 609
>
>
>
>
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