Developer hopes for high-rise in Greektown
By David Roeder Business Reporter
A developer who for years has nurtured plans to build on his spacious property in Greektown has asked the city for authority to put up a residential high-rise.
David Friedman, president of F&F Realty Ltd. in Skokie, has filed an application to rezone his property at the southeast corner of Madison and Halsted.
Friedman owns the Crowne Plaza Hotel on part of the site. But most of the nearly two acres consists of a parking lot.
His application calls for a 48-story building next to Interstate 94. Friedman and his attorney could not be reached for comment Tuesday, but the developer told the Sun-Times in 2009 that he wants to build rental housing.
The apartment market has shown life downtown, while condos remain in a glut. Friedman also said two years ago that he wanted the building’s renters to have access to hotel services from his Crowne Plaza.
His zoning plan also calls for a new nine-story attachment to the hotel for banquets and conferences, and a parking garage at the corner of Madison and Halsted.
The site is across Halsted from another development that would bring a grocery and a 22-story building to the neighborhood. The high-rise, planned as a later phase of the deal, could be either a hotel or residences.
Friedman’s zoning application starts a hearing process before city agencies that could take several months.
Residents on the Near West Side have fought developer plans that they believe emphasize height and threaten to turn the area into an extension of downtown. Friedman’s planned building would be taller than the 39-story Skybridge condo project, which set a Greektown height precedent when it opened in 2002 at 1 N. Halsted.