Jaw dropping news from our friends at Crain’s Chicago today, as it appears a development group is looking to build FIVE towers with nearly 2,700 residential units just four blocks south of the Willis Tower.
What would be a joint venture between Chicago-based CMK and Australian construction company Lend Lease Group, the entire project would encompass the 7.3 acre riverside parcel between Harrison Street and the River City condominium complex at 800 S. Wells.
According to reports, the largest of the 5 buildings would be on the north end of the site, standing 47 stories high and housing 626 residential units. As of now, it hasn’t been determined whether the project will include rentals or for-sale housing, or perhaps a combination of both.
Although some have already dubbed the project (or new neighborhood depending on how you look at it) River South, the city has to approve a zoning change for the site before construction can begin.