The Chicago City Council has approved the residential conversion of 223 West Erie Street in River North. Located at the intersection with North Franklin Street and bordered by CTA tracks to the west, the proposal was originally introduced earlier this summer along with many other conversions across the city.
Site context map of 223 W Erie Street via Google Maps
Floor plan of 223 W Erie Street by Kennedy Mann
Led by Concord Capital in collaboration with local design firm Kennedy Mann, the existing seven-story loft building has sat mostly vacant for some time—except for a handful of commercial tenants on the ground floor, including a jeweler, all of whom will remain.
Floor plan of 223 W Erie Street by Kennedy Mann
Elevation of 223 W Erie Street by Kennedy Mann
The 24 office suites on the upper floors will be converted into 66 residential units, consisting of 31 studios, 24 one-bedroom units, and 11 two-bedroom units ranging from 478 to 1,229 square feet in size. Of those, 13 will be designated as affordable. There will be no on-site parking and limited amenities, aside from a shared rooftop deck.
View of 223 W Erie Street via Google Maps
The exterior of the building will undergo repairs and some restoration, retaining two existing fire escapes—which will no longer be in use—for their historical character. Approval from the city allows the $18.4 million development to move forward, though no timeline has been established. The development team will also need to apply for construction permits.
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