Would you move to River South? Or Riverline? Developers behind a massive riverfront project south of the Loop are hoping you will as their proposal moves through the city planning process.
The project would be built on a little over six and a half acres of riverfront property that has functioned as a de facto park since the demolition of Grand Central Station in 1969.
Developer CMK Comapnies is planning a total of 2,699 resident units for the project and 16,500 square feet of ground floor retail. The tallest building would be 47 stories or 598 feet.
The project was given the green light by the Chicago Plan Commission last week and would include five high-rise buildings arranged around a park with public river access.
The project will now move to the full city council for approval. The developers hope to begin construction after the first of the year.
Read more here.
Plans for what would become the city's third-tallest tower also cleared the Chicago Plan Commission last week, bringing the Wanda Tower that much closer to construction in the booming New Eastside neighborhood.
The tower, which would be a combination of 210 hotel rooms and 410 condos, would rise to 1,186 feet, replacing the Aon Center as the third tallest in the city. It's designed by famed architect Jeanne Gang who designed the nearby Aqua tower.
The developers, Chinese-headquartered Wanda Group, hope to begin construction next summer and complete the tower by 2020.
For more, head over to the Chicago Tribune here.
A new report out from the DePaul University Institute for Housing Studies shows that it's been a good opening to the 21st century for homeowners in many Chicago neighborhoods.
It's been particularly good for a set of four: West Town, Logan Square, Avondale and Lincoln Square. According to the report, each of those neighborhoods saw price increases of more than 100 percent since 2000. For the top three, the percentage increase was 126.9. For Lincoln Square it was 109.2 percent.
The report also cited strong growth for other city neighborhoods. For the full story, head over to Crain's here.
A new condo tower has been proposed for a site next to the Trump Tower on the Chicago River in River North.
From developer Belgravia Group and bKl Architecture, the tower, which was first proposed about a year ago, would be built atop a parking garage at 403 N. Wabash Ave. It would rise 17 stories and feature only 45 condo units ranging from 2,200 to 3,300 square feet.
Sales are expected to begin next year with prices beginning at over $1M.
For more, head over to Curbed Chicago here.
After years of back and forth and two earlier iterations, a residential and retail tower could soon rise in Uptown.
The project, from JDL Development, now calls for 381 apartments, 289 parking spaces and almost 40,000 square feet of retail space along Montrose at the intersection with Clarendon.
If it moves forward, the plan would also include a city-funded rehabilitation of the nearby Clarendon Park field house.
For the whole story, head over to Curbed Chicago here.