Residential tower planned for 527 W. Kinzie

New York-based developer Vornado Realty Trust is planning a new residential tower at 527 W. Kinzie St in Fulton River District. Located at the southwest corner of W. Kinzie St and N. Canal St, the project would replace an existing surface parking lot. News of the project was broken in Alderman Reilly’s most recent newsletter to constituents.

With a design from Pappageorge Haymes Partners, the new tower will rise 26 stories high. Entirely residential, the 290-foot-tall structure will contain 288 residential units, while providing 81 car parking spaces. The unit mix will consist of 35 studios, 35 convertibles, 108 1-beds, 38 2-beds, and 12 3-bedroom configurations. Residents will enter the building through the residential lobby at the corner underneath the curved facade of the main tower volume. 

Vehicular access will be solely off of N. Canal St, with one curb cut giving access to the interior parking levels as well as a porte cochere. The porte cochere will allow for drop-offs, pick-ups, and deliveries to occur entirely off of the street. Loading is accommodated within the building.

The subject parcel addressed at 527 W. Kinzie St is within Subarea D of the existing PD 87. Currently, the planned development statements for Subarea D allow for a residential building measuring up to 340 feet tall with 288 units and 288 parking spaces. Since this plan is smaller than the allowable scale, the project will not require any approvals from the alderman. 

According to Alderman Reilly’s newsletter, a future development at 527 W. Kinzie St was taken into consideration when going through the approval process at 344 N. Canal St. The Habitat Company received approval for a 33-story tower at 344 N. Canal St in June 2020 but have yet to begin filing permits for construction.