There isn't much detail at this point but downtown Alderman Brendan Reilly sent an email this week announcing a plan for a 23-story residential tower to replace a surface parking lot at the corner of Illinois and Franklin.
Crain's reported that developer John Buck is behind the project. He's currently building a new apartment tower at 200 N. Michigan Avenue. There's currently no information on whether the tower is destined for condos or rentals but there will be a meeting on the project next Tuesday at Gino's East.
For more, head over to Crain's here or Curbed Chicago here.