Ambitious 'River District' Plan Unveiled for Chicago's Riverfront
Posted by Leo Clark. on
Plans are in the works to redevelop the old Tribune Media printing site into a reimagined “River District”, with upwards of a dozen new buildings along the riverfront. The 37-acre site doesn’t have a developer just yet, but that’s not stopping Tribune from pushing ahead with plans to design thousands of new residences and millions of square feet of new construction along the Chicago River.
Recently unveiled plans also call for a street connecting Chicago and Grant avenues and extending the Downtown Riverwalk. If completed, it’s expected the new property could translate to around 19,000 jobs and generate more than a billion in property taxes over the next couple of decades.Â
The news comes shortly after the same company announced a four-tower…
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As home prices in neighborhoods like Ukrainian Village, Bucktown, and Wicker Park continue to spike, heading a bit further north to begin a new home or condo search may not be a bad idea, at least according to the high-traffic website Lonely Planet.
A triple condo now on the market in the John Hancock Center could soon smash the old record sale price for a unit in the building. The latest offering is a newly redesigned condo that takes the square footage from three condos, forming a new 4,100 square foot home with four-bedrooms, four-baths and a massive, combined space, incorporating the kitchen, dining and living rooms into one L-shaped design.Â
What’s now a parking lot could soon turn into a new 10-story building on Jefferson Street. A developer hopes to gain a special use zoning variation to construct the new residential mid-rise building close to Union Station.
New data from the Chicago Association of Realtors is showing single-family homes in the city sold faster in July than at any other time over the last decade.
A much-anticipated plan for redevelopment along the river just took another step forward, as developers officially filed zoning paperwork with the city. The land in question includes seven acres of riverfront land that currently belongs to the Chicago Tribune.
With the busy fall season approaching, we thought we’d take a closer look at where some of Chicago’s most expensive condos currently on the market are listed, and what each of these lavish and luxurious units have to offer. Not surprisingly, No. 9 Walton, Waldorf Astoria Chicago, and Trump Tower feature the three highest priced condos right now, each boasting a price tag of well over $12 million. Somewhat unexpected, just two condos over at Vista Tower are among some of the Windy City’s 25 most expensive units on the market right now, which is the same number of units you’ll see listed over at The Palmolive in that same category.
A beautiful new hotel project is being discussed for the West Loop and will be up for approval by the Plan Commission later this year.Â
The Chicago Housing Authority (CHA) has apparently put plans to build a high-profile mixed-use development on hold, which would have included brand new retail space and at least 436 residential units.
Construction appears to finally be moving forward on 808 W. Van Buren—the latest mixed-use development to hit Chicago’s rapidly changing West Loop neighborhood. Â