Equity Residential is still seeking permits for a high-rise project at the northeast corner of Fourth and Hill Streets. The developer acquired the one-acre site at 343 S. Hill St. in 2014. Designs by TCA Architects show a 33-story tower with 428 studio to two-bedroom apartments, with 22 of the residences set aside for very low-income housing.
The 10-story podium at the project known as the Beacon Tower would hold 433 parking stalls. Equity Residential said the goal is to break ground by the end of the year, with construction lasting two years. The work would also involve updating the Pershing Square Metro station, which is across the street from the proposed building. Some nearby property owners and business leaders have protested the design of the Beacon Tower, claiming it is out of character with nearby buildings and too tall for the neighborhood.
Photo by Equity Residential