Zocalo Development is planning to build a 13-story residential development in the River North neighborhood at 3463 Walnut Street.

The project will include approximately 382 rental apartments, of which 18 will be dedicated as affordable units for residents making up to 80% AMI (area median income) and, according to Zocalo, about 40% of the development’s homes will be micro-units. Adding to the project’s affordability is its location; the 38th and Blake transit station is three blocks away.

The site is currently occupied by Stone Crafters Inc., which recently sold the property to Zocalo and will relocate to a new facility in the Sun Valley neighborhood. The 3463 Walnut development site is outlined on the Google Earth aerial below.

In addition to the residential units, 3463 Walnut will also feature approximately 10,000 square feet of commercial uses located in two spaces, one facing Walnut and the other facing 35th Street. The project will include 233 automobile parking spaces located on two underground levels and on the second floor. Vehicle access is via the alley. The graphic below, courtesy of Zocalo, shows the proposed ground-floor plan.

Ground floor plan, courtesy of Zocalo Development

We have a few preliminary renderings to share with you, courtesy of Zocalo Development and Craine Architecture, starting with the corner perspective, followed by the Walnut elevation, the 35th Street elevation, and the front entry detail.

3463 Walnut rendering of the Walnut elevation, courtesy of Craine Architecture
3463 Walnut rendering of the 35th Street elevation, courtesy of Craine Architecture
3463 Walnut rendering of the front entry detail, courtesy of Craine Architecture

The site development plan for 3463 Walnut was filed with the city in June, and a commercial construction building permit application was submitted to the city earlier this month and is still under review.