This item proposes an amendment to Residential Business Planned Development 1323, specifically Subarea B, to facilitate the conversion of an existing office building at 1006 S. Michigan Avenue into a residential building. The plan includes up to 49 dwelling units above the ground floor, complemented by ground-floor retail space. No alterations are proposed for Subarea A or to the existing floor area ratios of Planned Development 1323. An exemption from the Lake Michigan and Chicago Lakefront Ordinance was approved by the Zoning Administrator on April 21, 2016, as the project had previously received approval from the Chicago Plan Commission.