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.
For some time, rumors have swirled about redeveloping the land, but now a potential project appears to have gained new momentum. According to the filed documents, plans call for four new towers to be built just to the south of Goose Island at 700 W Chicago Avenue.
Plans call for construction to start on Office Tower 1 first, with a delivery date as soon as mid 2019. That building would offer around 435,000 square feet of office space, including terraces with skyline views.
The next step of the project includes two more office towers and a residential tower with about 300 units. It’s expect the four towers will then be connected with a central plaza, while more than four-acres will go to open space. A riverwalk at the site would include boat launches and a water taxi stop.
The 700 W Chicago site is not the same as the larger Tribune acreage that sits just south of the location. Some suspect that site could also see redevelopment, although nothing has been announced.
Photo: Goettsch Partners