BKV Group: 525 South Wabash Avenue Case Study

525 S WABASH AVE

525 SOUTH WABASH AVE CONCEPT DESIGN CASE STUDY

// 525 SOUTH WABASH AVENUE

CASE STUDY 525 SOUTH WABASH AVENUE // CHICAGO, ILLINOIS

SIZE North Building (23 stories, 314 hotel keys, and 261 residential units) South Building (36 stories, 516 residential units) COMPLETION In Progress CLIENT Interforum and Eterra Plus PROJECT DESCRIPTION With the support of Chicago Alderman, Brendan Reilly, and in collaboration with site design group, ltd., BKV Group is in the planned development phase for a new mixed-use, groceryanchored retail, residential, and hotel project located at 525 South Wabash Avenue.

The proposed development will have frontages on Wabash Avenue, Ida B. Wells Drive, and Harrison Street, and would replace an existing parking structure and transient parking lot with two contemporary buildings connected by retail, residential, and a parking podium with 151 parking stalls, plus large open-area amenity space on top.

BKV Group hopes to start building the $300 million project by Fall 2021, after securing city approval and financing with the development expected to be completed in mid-2024.

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SITE & STACK

USE BASE DIAGRAM 525 South Wabash Avenue will not require a zoning change, and our developer partners are paying more than $3.6 million into the Neighborhood Opportunity Fund which goes toward grants to support projects in under-served areas of the city.

SITE ORIENTATION

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DETAILED SITE PLANS

DETAILED SITE PLAN

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PEDESTRIAN ROUTES / CONNECTIVITY

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LEVELS 1 & 2

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LEVELS 3 & 4

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LEVELS 5 & 6-11

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LEVELS 12-13 & 14-22

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LEVELS 23 & 24-31

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LEVELS 32-35 & 36

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RECOMMENDATION

SECTION & AREA CALCULATIONS

Site is located on State Street/Wabash Avenue Commercial Corridor Special District Recommended pursuing a Plan Development for Additional FAR Increase in allowable building height Increase in allowable number of units MLA INCREASE Allowable % decrease in MLA same as % increase in FAR = 12/16 =30% increase Calculations: Efficiency Unit = 75 SF/unit x 30% reduction = 52.5 SF/unit DU = 115 SF/unit x 30% reduction = 80.5 SF/unit UNITS PROPOSED Efficiency Units = 385 x 52.5 = 20,213 SF of site required DU = 392 x 80.5 = 31,556 SF of site required Total site required = 51,769 SF (<51,841/5 actual site area)

AREA

RETAIL

• Allowable FAR 12.0

• Total Retail 40,740.0

• Proposed FAR 16.0

• Grocery 32,060.0

• Allowable Area 622,098.0

• Restaurant A 3,200.0

• Proposed Area 824,680.0

• Restaurant B 5,480.0

• Rentable Area 627,096.0 • Building Efficiency 77%

PARKING • Total Parking 151

RESIDENTIAL

• Residential 69

• Total No. of Units 777

• Retail 70

• North Tower 261

• Hotel 12

• South Tower 516 • Total No. of Beds 974

BICYCLE STORAGE

• Average Unit Size 678.0

• Total Bicycles 798 • Indoor 770

BUILDING SECTION

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HOTEL

• Outdoor 20

• Total No. Keys 314

• Bike Share 8

• Average Key Size 216.2

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CONTEXT ELEVATIONS

WABASH AVENUE

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CONTEXT ELEVATIONS

MICHIGAN AVENUE

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CONTEXT ELEVATIONS

HARRISON STREET

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CONTEXT ELEVATIONS

IDA B WELLS DRIVE / CONGRESS PARKWAY

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PRACTICE SITES

41 200+

YEARS OF O P E R AT I O N

EMPLOYEES

BKV GROUP IS A HOLISTIC DESIGN FIRM PROVIDING ARCHITECTURE, ENGINEERING, INTERIOR DESIGN, LANDSCAPE ARCHITECTURE AND CONSTRUCTION ADMINISTRATION.

ENRICHING LIVES AND STRENGTHENING COMMUNITIES

CHI C AG O

DALLAS

209 South LaSalle Street The Rookery, Suite 920 Chicago, IL 60604

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WA S H IN G TO N ,

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HANOI , V I ETNAM No 1 Dao Duy Anh Street Ocean Park Building, Suite 15, Room 1508

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MI NNEAPOLI S

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