It’s exciting for MAPS to be the permit manager for two high-profile projects in West Town, one right across the street from each other. The latest building is across Milwaukee Avenue – the Hipster Highway – from Spoke, at 730 N Milwaukee Ave. It’s being developed and constructed by Tandem Partners, and designed by Antunovich Associates.
It’s also important to us that each of them is a Transit-Oriented Development (TOD), which means they’re designed to respond to the fact that the CTA’s Chicago Blue Line station is a stone’s throw away.
A TOD is a residential or mixed-use building with fewer car parking spaces than normally required. The City of Chicago’s Transit-Served Location ordinance was first adopted in 2013 to lower the minimum car parking requirements for residential and commercial buildings that are near CTA and Metra stations. The City also provides FAR (density) bonuses.
People who choose to live in these buildings tend to own cars at a lower rate than those who live elsewhere because of the proximity to rapid transit. In addition, train stations are also usually surrounded by a good mix of stores and services so that residents can fulfill their daily needs at businesses within walking distance.
MAPS’s new zoning and planning, and site selection services can help you find and analyze developable land that is eligible to receive the parking reduction and density bonus. Our exclusive Incentives Checkup will highlight other potential incentives.