The #Chicago Plan Commission just approved One Chicago Square, which will be the city's sixth tallest building upon completion.
The $500 million project has two towers, the taller of which will be 1,011 feet and 76 stories.
To achieve that density, the developer is paying $13.2 million into the Neighborhood Opportunity Bonus system. More than $10.5 million of those funds will support retail growth in under-served neighborhoods, and $1.32 million will support improvements at the nearby Seneca Park.
The entire structure will include up to 869 residential units. The developer will fulfill a 22 unit on-site affordable requirement across the street at Lawson House. An additional $11.37 million will be paid into the affordable housing fund, the largest ever such payment.
The developer has committed to hiring 26% minority-owned and 6% women-owned firms, and has committed that 50% of its construction workers will be Chicago residents. The project will create between 1,500 and 2,000 construction jobs. #chicagogram #skyscrapers