The following update on the Wolf Point development appears on the Web site of Alderman Brendan Reilly (42nd).
WhenThu, December 20, 5:30pm – 7:00pm
WhereThe Conference Center at UBS Tower - One North Wacker Drive, 2nd Floor - Michigan Ballroom (NE corner of Wacker and Madison) ()
DescriptionDear Neighbor: I am writing to invite you to join me for a third public presentation for the site located at 350 N. Orleans Street, commonly referred to as "Wolf Point". I directed Hines Development Corporation to design this third public meeting around information related to site programming, the bulk table numbers governing the maximum allowed dwelling units, hotel key counts and office space that could be positioned within the proposed building envelopes. Also at this meeting, Hines will discuss their sixth revision to the traffic study---which I required in conjunction with their proposed programming and in anticipation of our upcoming public discussion. I advised Hines that this next revision must contemplate the maximum numbers, in other words, the most intense combination of uses that could be built with the understanding that economically, such a scenario is somewhat unrealistic. In summary, Hines has submitted a proposal for the development of three towers: Phase I (West Tower) proposed as a residential, 525 foot tall structure containing a maximum of 510 units and 200 parking stalls; Phase II (South Tower) proposed as a 950 foot tall, mixed use structure which may contain office space, retail space, residential units and hotel space with 885 parking stalls; and Phase III (East Tower) proposed as a 750 foot tall mixed use structure which also may contain office space, retail space, residential units and hotel space with 200 parking stalls. A maximum of 900 residential units and a maximum of 450 hotel rooms will be allowed to be distributed between Phases II and III with the combined number of residential units and hotel rooms not to exceed those maximums of 900 residential units and 450 hotel rooms. The final draft bulk table can be downloaded here.
