City Council Approves Rezoning for 2343 W. Chicago Development

New five-story residential building with six condos and amenities to replace existing one-story structure

Published on Mar. 11, 2026

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The Chicago City Council has approved a residential development project at 2343 W. Chicago Avenue, planned by Panoptic Group. The new five-story building will feature six condominium units, a resident amenity space, and six parking spaces, replacing the current one-story structure on the site.

Why it matters

This development is part of the ongoing residential and commercial growth in Chicago's West Town neighborhood, as the city continues to see increased demand for housing and amenities in centrally-located areas near public transit and major thoroughfares.

The details

Designed by Hanna Architects, the new building will stand 61 feet tall and include six condos - two two-bedroom units on the second and third floors, and two three-bedroom duplex units with private rooftop decks on the fourth and fifth floors. The ground floor will feature a resident amenity space and an interior parking garage with six spaces.

  • The Chicago City Council approved the rezoning on March 11, 2026.
  • A demolition permit to raze the existing one-story building has already been issued.

The players

Panoptic Group

The real estate development firm planning the 2343 W. Chicago project.

Hanna Architects

The architectural firm designing the new five-story residential building.

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What’s next

With City Council approval secured, the project can now move forward with demolition of the existing structure and construction of the new five-story condominium building.

The takeaway

This development is an example of the ongoing residential growth and revitalization happening in Chicago's West Town neighborhood, as the city works to meet increased demand for housing and amenities in centrally-located areas.