DAC buys land for 424 S. Wabash

**THIS ARTICLE HAS BEEN UPDATED WITH THE CORRECT PARKING COUNT OF 40 SPACES**

DAC Developments has acquired the site for their upcoming development at 424 S. Wabash. Located between E. Van Buren St and E. Congress Pkwy, the midblock site is directly across the street from the Roosevelt University tower. The property is currently occupied by a vacant parking lot and one-story brick structure. 

Designed by Pappageorge Haymes, the site will become home to a 26-story mixed-use tower. Set to rise 285 feet, it will hold 1,800 square feet of ground floor retail space, office space and 270 hotel rooms. The hotel portion will be run by The Sonder Group, a hotelier that specializes in rooms that are akin to apartments, offering visitors spaces that can be larger and more suitable to families and groups. Considering this distinction, the hotel rooms are split into 190 studios, 16 one-beds, and 64 two-bedroom suites.

At the ground floor, retail space will face S. Wabash Ave with the hotel lobby sitting at the south end of the street frontage. Loading, services, and parking will be accessed from the alley. 40 parking spaces will be located within the second and third floors of the podium, with an amenity deck on top. Above the amenity deck, Sonder will occupy two floors as office space.  

Proposing a fully glazed enclosure, the architects aim to create a glass portal to The Loop between the Roosevelt University tower and this new project. The northern facade will feature a two-toned glass curtain wall, referencing the design of Roosevelt University’s tower. With a context of rich, historic brick buildings, the glass design aims to contribute to the area by reflecting those structures rather than competing with them.  

With the site already zoned as DX-16, the hotel use is permitted by-right on the property, allowing the developers to proceed without any city review. After securing the site for $7.5 million according to The Real Deal, the developers can look towards securing financing and moving to begin construction. Permits for the building have been filed and are awaiting issuance.