310 N. Peoria (MRR Palmer Square)

Development Proposal

On December 11, 2017, Michael Ezgur (Acosta Ezgur, LLC), Howard Hirsch (Hirsch Associates, LLC), and Relu Stan (Fulton Market Kitchen) presented a proposal to rehab the 4-story structure located at 310 N.  Peoria Street.  The proposal includes rehabilitation of the existing structure and the addition of a 5th story.  To do so will require a zoning change from C1-1 (Neighborhood Commercial district) with a 1.2 FAR (Floor Area Ratio) to a DX-3 and FAR of 3.5.

At the completion of the rehab work, the finished development will be nearly 75 feet tall and operate as a boutique hotel (28 rooms) with commercial/restaurant space on the ground floor. A second (future) phase of the project might involve the introduction of a larger hotel elsewhere on the parcel.

Point of interest: this building was originally designed by Louis Sullivan and as such, has been designated as Landmark structure by the Chicago Department of Planning and Development (DPD).

Committee Feedback

  • Overall, the community residents accepted the plans without objection.
  • The one, and only, concern voiced was over whether the air-rights would eventually be transferred to the adjacent property known as Fulton Market Kitchen.  To which the development team remained non-committal; stating “no immediate plans”.

Next Steps

  • The plans have already been presented to WLCO (West Loop Community Organization) and WCA (West Central Association). Furthermore, a community meeting for this proposed development was held November 14, 2017.
  • The zoning application will be submitted to DPD.

Related News

Date:  December 17, 2017

By:  NoWL Development Committee, Lena Elias-Bluett and Matt Letourneau