Subject: RE: Fannie Mae Site Development
From: Stankos, Brian (bstankos@CANNONDESIGN.COM)
Date: Thu Mar 20 2008 - 11:44:36 CST
The Chicago Journal article about the development has been posted
online.
http://chicagojournal.com/Main.asp?SectionID=1&ArticleID=4350
________________________________
From: Jason Wolf [mailto:jaydubb12@gmail.com]
Sent: Friday, March 14, 2008 8:48 AM
To: vanguard-talk@venus.soci.niu.edu
Cc: Condo Board
Subject: Re: Fannie Mae Site Development
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
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