It’s OFFICIAL! The Chicago Plan Commission has now approved plans for a shiny new 22-story mixed-use tower over in River North that will include 251 high-end apartments and 12,000 square feet of retail space.
Plans for the new JDL project, which will eventually replace the Ed Debevic’s restaurant in the neighborhood, was first unveiled back in April, but uncertainty about whether or not the project would move forward grew when local officials made mention of the incredible amount of new apartments flooding the market, specifically around the downtown area.
But as demand continues to maintain for high-end rentals in downtown Chicago, construction continues to move forward for a wide-range of large-scale projects, which now includes the Ed Debevic’s property at 640 N. Wells.
Along with the 251 units and 12,000 square feet of retail space, the development will also include 117 parking spaces on the second and third floor of the building, while it’s sleek glass exterior should blend nicely in with the surrounding River North landscape.
As for specific details about the interior, finishes, and features, not much has been released as of now, although Curbed has reported that rentals here will average around 875 square feet and will include studios, convertibles, one-bedroom, two-bedroom, and even three-bedroom units.
A CLOSER LOOK AT THE RENDERINGS OF THE SOON-TO-BE RIVER NORTH TOWER