The One Chicago Square development recently gained its first construction permit, allowing crews to forge ahead with the new project. The $46 million building permit allows the developer to move forward with the project’s foundation and an underground parking garage.
Back in March crews began demolition work at the site. One Chicago Square takes the place of a parking lot that formerly belonged to the nearby Holy Name Cathedral, and some other older buildings in the area.
The new development, however, is expected to greatly transform this part of River North. When finished, the complex plans to offer two residential towers atop a shared podium of retail and office space. A Life Time Athletic club and Whole Foods Market are both expected to anchor the retailers.
According to some published reports construction on One Chicago Square could take about 42 months. The area under development is bordered by Chicago Avenue, Dearborn, Superior and State Street.