Earlier today, Crain’s Chicago unveiled a series of spectacular new renderings of what could take over what’s essentially one of the last undeveloped parcels in all of River North.
Officially located at 443 N. Wabash, the owners of the existing Shops at North Bridge shopping mall appear to be floating around an idea that would essentially involve adding a fairly complex network of elevated pedestrian bridges that would connect the existing shopping mall to a new proposed tower that could possibly include additional retail space, residential space, and maybe even a hotel, according to reports.
Macerich, a real estate investment trust that currently owns the Shops at North Bridge along with 48 other shopping centers, originally bought the Shops at North Bridge property back in 2008 for $515 million, and later acquired the Wabash site, which currently acts as a surface parking lot, back in 2014.
Photo: Crain's Chicago Business