WOLF POINT DEVELOPMENT COMMUNITY MEETING DECEMBER 20, 2012

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1 WOLF POINT DEVELOPMENT COMMUNITY MEETING DECEMBER 20,

2 Agenda Process and Bulk Table Update Site Plan and Phasing Overview Traffic and Transportation Update Q & A 2

3 Process and Bulk Table Update Jack George Schuyler, Roche & Crisham, P.C. 3

4 Wolf Point Development Site 4

5 Site Plan All Phases 5

6 Process Update Amendment to Planned Development 98 submitted to Dept. of Housing and Economic Development on 5/30/12 Previous bulk table included the following for resi. & hotel: Residential: Hotel: units in West units in South - TBD in East - South and East buildings labeled mixed-use - Hotel use has always been a permitted use - No hotel unit count specified Subsequently required to eliminate TBD and include maximum counts for hotel and residential uses in revised bulk table 6

7 Process Update (cont d) Revised bulk table submitted on 12/7/12 after working with Alderman s office and DHED Bulk table allows for flexibility in development plan but only within the limits established by the PD Amendment Developer seeking Site Plan Approval for Phase 1 only Phase 2 and Phase 3 will each be subject to: New traffic study Approvals from CDOT, MOPD, and the Chicago FD Review and comment from the Dept. of Housing and Econ. Dev. Review and comment from the Chicago Plan Commission Site Plan Approval from the Zoning Administrator 7

8 Bulk Table Net Site Area Sub-Area B 167,730 sq. ft, (3.85 acres) Maximum FAR 24 Maximum FAR Buildable Area FAR Building Areas: Phase I (West Tower) Phase II (South Tower) Phase III (East Tower) Maximum Height: Phase I (West Tower) Phase II (South Tower) Phase III (East Tower) Maximum Parking Spaces: Phase I (West Tower) Phase II (South Tower) Phase III (East Tower) 4,025,520 sq. ft. 460,000 sq. ft. 1,800,000 sq. ft. 1,500,000 sq. ft. 525 ft. 950 ft. 750 ft. 1,

9 Bulk Table (cont d) Loading Spaces: Phase I (West Tower) Phase II (South Tower) Phase III (East Tower) Maximum Number of Res. Units: Phase I (West Tower) Phase II (South Tower) & Phase III (East Tower) Maximum Number of Hotel Rooms: Phase I (West Tower) Phase II (South Tower) & Phase III (East Tower) 2 (10 x 25) per DC-16 per DC-16 1,

10 Bulk Table (cont d) Residential Units: 900 total residential units allowed for the South and East towers Distribution of units will be subject to Site Plan Approval by the Zoning Administrator, following review and comment by the Department of Housing and Economic Development and Chicago Plan Commission In no instance may the combined maximum number of residential units available for Phases II and III be allowed to exceed

11 Bulk Table (cont d) Hotel Units: 450 total hotel rooms allowed for the South and East towers Hotel use will not have ballroom or convention space Distribution of rooms will be subject to Site Plan Approval by the Zoning Administrator, following review and comment by the Department of Housing and Economic Development and Chicago Plan Commission In no instance may the maximum number of hotel rooms allowed in Sub-Area B exceed

12 Bulk Table (cont d) Parking Spaces: Due to the provision of all proposed parking within a below-grade parking structure, all three phases of the Sub-Area B project will be required to only provide 50% of its mandated minimum number of parking spaces Total maximum combination of podium and surface parking spaces available on-site following: After Phase I: After Phase II: 685 structured remaining surface spaces 1,085 structured + 75 remaining surface spaces After Phase III: 1,285 structured + 0 remaining surface spaces 12

13 Site Plan and Phasing Overview Ted Wolff Wolff Landscape Architecture 13

14 Site Plan All Phases 14

15 Interim Site Plan Phase 1 15

16 Interim Site Plan Phase 1 (cont d) 16

17 Interim Site Plan Phase 1 (cont d) 17

18 Interim Site Plan Phase 1 (cont d) Phase 1 will include numerous publicly available amenities: Improvement of over 400 feet of existing riverwalk Improvement of the NW riverwalk gateway Addition of the West riverbank park and open space Addition of the landscaped riverside urban veranda 18

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22 Traffic & Transportation Update Luay Aboona Kenig, Lindgren, O Hare, Aboona, Inc. 22

23 Traffic Study Area LOCATIONS 1. Orleans & Wacker 2. Orleans & West Mart Dr. 3. Orleans & Hubbard 4. Kinzie & Canal 5. Kinzie & Access Drive 6. Kinzie & Kingsbury 7. Kinzie & Orleans 8. Kinzie & Franklin 9. Kinzie & Wells 10.Wells & West Mart Dr. 11.Lake & Canal/Milwaukee 12.Lake & Wacker 23

24 Traffic Study Overview Previous Traffic Study approved by CDOT on 11/8/12 analyzed impact of the following: Residential units: 510 (Phase 1) (Phases 2/3) Office space: 2,700,000 SF Revised Traffic Study approved by CDOT on 12/18/12 analyzed impact of maximum allowable use counts in revised bulk table: Residential units: 510 (Phase 1) (Phases 2/3) Hotel units: 450 total Office space: 1,725,000 SF 24

25 Site Access No changes to site access from previous study No car or parking access off Kinzie All car and parking access off Wolf Point Plaza Drive Truck traffic for West and South Towers will use West Access Drive Truck traffic for East Tower will use Lower Orleans A B C West Access Drive Lower Orleans Street Wolf Point Plaza Drive 25

26 Parking Count No change in parking count from previous study Parking has been reduced by 28% from PD 98 original figure of 1,800 spaces to 1,285 spaces currently 1,285 is the number of stalls required to service the site: West tower / residential: 200 stalls South tower: 400 stalls East tower: 200 stalls Holiday Inn/Sun Times Building: 485 replacement stalls Total: 1,285 stalls 26

27 Parking Count (cont d) Wolf Point will benefit from proximity to multiple forms of public transportation and proximity to the CBD Parking has been minimized to furthest extent possible and resulting ratios are significantly lower than market averages Developer will not build any parking that future phases do not need and the total will never exceed 1,285 spaces Stalls per Unit Chicago Class A Apartment Buildings - Recently Completed 0.77 Chicago Class A Apartment Buildings - Under Construction 0.69 Wolf Point Residential Buildings Less than 0.40 Stalls per 1,000 SF Chicago Class A Office Buildings - Recently Completed 0.18 Wolf Point Office Buildings

28 Infrastructure Improvements Funded by Developer Included as part of Phase 1 1. Temporary relocation of the protected bike lane on Kinzie to Grand 2. Add left-turn arrow for northbound Orleans turning west onto Hubbard 3. Add left-turn arrow for westbound Kinzie turning south onto Wells 4. Add right-turn arrow for southbound Wells turning west onto Mart Drive 5. Add left-turn arrow for eastbound Wolf Point Plaza Drive turning north onto Orleans 6. Add left-turn arrow for northbound Orleans turning west onto Wolf Point Plaza Drive 28

29 Infrastructure Improvements Funded by Developer Continued 7. New traffic signal including pedestrian countdown heads at Kingsbury & Kinzie 8. New pedestrian countdown signals at Wacker & Lake 9. New pedestrian countdown signals at Wacker & Wells 10. New pedestrian countdown signals at Hubbard & Wells 11. New pedestrian countdown signals at Wacker & Orleans 12. New pedestrian countdown signals at Orleans & Wolf Point Plaza Drive 13. New pedestrian countdown signals at Lake, Canal & Milwaukee 29

30 Infrastructure Improvements Funded by Developer Continued 14. Actuation of the signal which controls the traffic coming off of the Merchandise Mart ramp which connects to Kinzie Street, immediately west of the intersection of Kinzie and Wells Streets 15. Actuation of the signal which controls the traffic coming out of the Apparel Mart onto Orleans Street, immediately south of the intersection of Orleans and Hubbard Streets 16. Install High-Visibility (International Style) Crosswalks on all legs of the following intersections: Wacker/Orleans, Orleans/Mart Drive, Wells Street/Mart Drive, Lake/Canal/Milwaukee Included as part of Phase 2 Pavement marking, static and electrical signs, and signal modifications for Orleans counter-flow lane from Hubbard to Wolf Point Plaza Drive 30

31 Summary of Findings Revised bulk table condition has been studied and approved by CDOT Revised site access will provide traffic relief on Kinzie with start of Phase 1 Signalized site access at Plaza Drive will provide necessary capacity to serve the site Infrastructure improvements funded by the developer will mitigate potential traffic problems in the study area Proximity to numerous public transportation options will encourage limited car usage 31

32 Traffic Impact Future Phases Phase 2 and Phase 3 will each be required to provide new traffic studies prior to development approval The new traffic studies will include new traffic, pedestrian and bicycle counts at all of the intersections in the study area Each phase will be re-examined based upon existing traffic conditions, planned uses of the proposed Phase, and other area developments 32

33 THANK YOU QUESTIONS & ANSWERS 33