An impressive new proposal is making headlines, as a joint venture between CMK and Australian-based Lend Lease has been unveiled that would potentially bring 900 more housing units to the South Loop, just south of River City.
Already planned by the same developers are 2,700 homes just north of River City on a riverfront site that’s now being called “River South.” If both developments move forward, the entire South Loop landscape could be dramatically different by the time construction wraps up, and that’s a good thing for a downtown neighborhood that was arguably impacted the most by the recent housing crash that started back in ’09.
Complete details about the latest addition to CMK and Lend Lease’s plans are still sketchy, but what we do know is that it would be a three tower development on the east side of the Chicago River between River City and Roosevelt Road, and altogether, it would include 942 units, which would be a combination of condos, apartments, and townhomes.
In addition, the project would also include about 1.6 acres of open space with a riverwalk, which would certainly be a nice touch and something that would further entice future home buyers or renters to say the least.
With new construction development in Chicago happening at a crazy pace right now, be sure to check back often about everything that’s happening on the city’d red hot real estate market!