Plan Commission Approves 1338 West Lake Street In West Loop

A significant development project in Chicago’s West Loop has received approval from the Chicago Plan Commission after undergoing revisions over the past three years. The project, located at 1338 West Lake Street at the corner of North Ada Street, is poised to reshape a portion of the neighborhood with a new mixed-use tower.

A Three-Year Journey to Approval

The development, spearheaded by Cedar Street Companies in collaboration with architecture firm SCB, has been in planning stages for three years. Recent updates to the design were made to better integrate the building with its surroundings. The approved plan calls for a 32-story tower reaching approximately 364 feet in height, featuring a six-story podium that will be partially obscured by neighboring structures and CTA train tracks.

Did You Know? The project has been in development for three years, demonstrating the complex planning and approval processes for large-scale construction in Chicago.

Design Changes and Retail Space

One key change to the plans involves the removal of a previously proposed large sculpture. In its place, the podium will now incorporate 7,800 square feet of retail space along the main street corner. The updated designs include “liner units” along Ada Street, spanning the upper five levels of the podium. These units will have their own dedicated elevator access, increasing the overall number of units within the development.

Residential Units and Amenities

The completed tower will house a total of 321 residential units. These will primarily consist of studio, one-bedroom, and two-bedroom layouts, with a limited number of three-bedroom units also available. A portion of the units – 65 in total – will be designated as affordable housing. Residents will also have access to a large outdoor deck atop the podium, as well as two recessed amenity levels situated between the podium and the tower itself. The building will also feature a rooftop deck with a pool.

Expert Insight: The revisions to the project, including the addition of liner units and increased retail space, suggest a responsiveness to community feedback and a desire to create a more integrated and vibrant streetscape. This approach is increasingly common in urban development projects aiming to enhance the pedestrian experience.

Parking and Timeline

The revised plans also include a reduction in the number of parking spaces, now totaling 191. The project carries a price tag of $155 million. Following City Council approval, groundbreaking is currently planned for the fourth quarter of 2026, with an anticipated completion date in the third quarter of 2028.

Frequently Asked Questions

What type of development is planned for 1338 West Lake Street?

A 32-story mixed-use tower with 321 residential units and 7,800 square feet of retail space is planned for the location.

How many affordable housing units will be included in the development?

65 units within the development will be designated as affordable housing.

What is the current status of the project?

The project has been approved by the Chicago Plan Commission and is awaiting City Council approval before a planned groundbreaking in the fourth quarter of 2026.

As Chicago continues to evolve, how do you think projects like this will shape the future of urban living in the city?