CHICAGO-Plans for a $177.5-million independent to assisted-living facility at 55 E. Pearson St. will be considered by the state’s Health Facilities Planning Board in March, 18 months after it won a favorable recommendation from the city’s plan commission. Homewood-based Franciscan Sisters of Chicago Service Corp. is hoping to build a 50-story building on the south side of Pearson Street between Rush Street and Wabash Avenue, replacing two buildings used by Loyola University’s Water Tower campus.

The state panel that oversees plans for all new healthcare facilities or expansions is involved because plans for the Clare include a 32-bed skilled nursing facility. Plans for the Clare include one-, two- and three-bedroom rental and for-sale units a block off the Magnificent Mile. The Clare will be one of four projects considered in March, including a $131-million addition and improvement project at Provena Saint Joseph Medical Center in Joliet.

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