If the financing landscape improves, River West/Fulton River District could undergo a more rapid change than even Fulton Market
Warehouse Near Planned Bally’s Casino Campus in Chicago for Sale As Redevelopment Play Building Could Be Replaced in Next Few Years With Much Taller Structure, According to JLL
Looks like Sterling Bay will be building a 420 unit building at 120 N Racine. This is the site that Farpoint Development bought from the CTA, no renderings yet.
Looks like Sterling Bay will be building a 420 unit building at 120 N Racine. This is the site that Farpoint Development bought from the CTA, no renderings yet.
Looks like Sterling Bay will be building a 420 unit building at 120 N Racine. This is the site that Farpoint Development bought from the CTA, no renderings yet.
420 units is honestly kinda low for an entire city block. I would expect around 600 units in a two-tower scheme like Porte / 855 W Madison. The purchase also includes the parking lots east of Racine that could host a third tower, so 800-900 units could easily fit there.
Hopefully they can widen that block of Racine, it's uncomfortably narrow which is not great for a 1/2 mile arterial street - tiny sidewalks, no trees etc.
__________________ la forme d'une ville change plus vite, hélas! que le coeur d'un mortel...
I wouldn't get too excited until there's an anchor tenant signed. Chase is staying put and renovating their existing tower.
Oh I'm not waiting with bated breath haha hence use of "had been." I had mostly written this off given Chase staying put and Equinox seemingly opting for 919, but the fact it came up in the meeting and is apparently still in the works (at least in some sense) piqued my interest
Additionally, there seems to be willingness among the panelists to reduce the parking in the development. The parking is designed to be able to convert to more productive uses in the future
Phase 1 (on May Street side) should start early next year, phase 2 (Racine Street side) should start after phase 1’s completion
Alley is designed to be closed to traffic and become a pedestrian space when not in loading hours
Last edited by Jstange059; Jun 18, 2024 at 12:01 AM.
Plan Commission approved Sterling Bay's $351 million, 615-unit residential proposal for 1840 N. Marcey St. in Lincoln Park. The two-building complex includes .7 acres of public open space, 124 affordable units, and $4.8 million in density bonus and industrial conversion fees.
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