The Chicago City Council has approved developers Mark Goodman & Associates and Weldon Development Group's new scheme for a mixed-use development at 400 N. Elizabeth. Fronting N. Elizabeth St, the irregularly shaped lot is bound by W. Ogden Ave to the west, N. Elizabeth St to the east, and Metra rail tracks to the north and south.

Originally approved in November 2021 as a 16-story life sciences office building, the 500,000-square-foot building designed by Solomon Cordwell Buenz would have had laboratory and office space along with parking and retail.

Now with Archeo Design Studio on board, the development proposal will include two residential towers totaling 724 apartments, with 145 (20%) of them set aside as affordable. A total of 300 parking spaces will be split between the two buildings as well as 724 bike parking spaces.

Rather than a large podium, the development has been designed as two rectangular point towers, with the eastern tower rising 33 floors at 349 feet tall and the western tower reaching 31 floors and 328 feet in height. The towers will have gridded facades made up of metal paneling and glazing. The parking floors will have a hybrid of architectural metal screening.

On the ground floor, both residential lobbies will face east towards N. Elizabeth St with small retail spaces at each southeastern corner. An access drive will stretch across the north side of the site for loading and parking access including a drop-off zone. 

Designed by Confluence, the site will be designed to feature a flexible turf lawn between the buildings and a dog run along N. Ogden Ave. A pedestrian path will run across the southern portion of the site, featuring seating, bike racks, and a sculpture terrace.

With City Council approval secured, the site will be rezoned from the DX-5 approved for the life sciences plan to a new DX-7 and Planned Development. The developers will pay into the Neighborhood Opportunity Fund to get a 4.5 FAR bonus. The approximately $300 million development will be constructed in two phases, starting with the eastern tower.

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