CHICAGO | Halsted Point | 5 Towers | 691 - 309 FT | 65 - 28 FLOORS

[BVictor1]

04.25.26
So.....

[Jstange059]

Originally Posted by BVictor1

04.25.26
So.....

Construction’s officially started?!

[BrickellBased]

Wow. Pleasant surprise!

And so the 150m+ construction streak in Chicago is secure for a few more years.

More importantly, this plants the first flag of major development on Goose Island and is a big win for the unlocking of a new part of the city.

This also adds more activity to the Bally's casino development/Fulton Market momentum.

With the recent activity on the Salvation Army site we could potentially see major construction across 3 or 4 front in the West Loop area.

Last update from November was 501 feet, a full 9 ft clear of the 150m/492 ft min by CTBUH.

https://chicagoyimby.com/2025/11/first-c...ued-for-phase-one-of-halsted-pointe.html

The project will rise 46 stories and 501 feet in height, with the construction permit allowing for the construction of the first five levels. In total, the tower will include 460 residential units, consisting of one-, two-, three-, and four-bedroom layouts.

Originally Posted by Jstange059

Construction’s officially started?!

[lakeshoredrive]

Great news. Still not wild about the finalized design. It looks like it belongs in Lakeshore East lol

[BVictor1]

Hey Steely, can you move this tread to Under Construction?

04.27.26








They said they started drilling out 2 weeks ago.

This building will have rock caissons and apparently the bedrock is only about 65-70 feet below the surface over here. Buildings like Trump Tower and 150 N. Riverside have bedrock caissons that go down 110-120 feet.

[Steely Dan]

Originally Posted by BVictor1

Hey Steely, can you move this tread to Under Construction?

Done!

Been a minute since I've gotten to do that.

[Jstange059]

You see developments similar to this all over Toronto, really excited to see such a development rising in Chicago

[Cress3803]

Onni one of the few companies that seems to build first when there's demand and ask questions later

[cloudbod]

Definitely a very Canadian aesthetic. Not my personal fav design, but its sharp corners and balconies will contrast the casino pretty nicely. And I do tend to like towers with square proportions (e.g. the Row, Exhibit on Superior, 353 N Desplaines St, etc) since they look tall from any angle. Glad they're building it!!

[twister244]

Amazing news!

Did they secure funding somewhere earlier? Or is that to be announced still?

[BrickellBased]

Originally Posted by twister244

Amazing news!

Did they secure funding somewhere earlier? Or is that to be announced still?

Via https://chicagoyimby.com/2025/11/first-c...ued-for-phase-one-of-halsted-pointe.html

Phase One has been mostly funded, with Onni securing a $50 million loan last year [June 2024] from Otera Capital last year, along with $170 million from refinancing its office building at 200 North LaSalle Street. A groundbreaking date has not yet been set, but construction is expected to take 24 months to complete.

[twister244]

Originally Posted by BrickellBased

Via https://chicagoyimby.com/2025/11/first-c...ued-for-phase-one-of-halsted-pointe.html

Thanks!

[dreamy-developer]

The Chicago Permits site last updated the permit on 04/06/2026.

The description reads:

"DDS 2019 CBC: FULL BUILDING PERMIT FOR FLOORS LOWER LEVEL 2 THROUGH ROOF, INCLUDING 6TH FLOOR EXTERIOR AMENTITY DECK AND POOL. 46-STORY BUILDING CONTAINING 464 DWELLING UNITS. (INCLUDES (140) EFFICIENCY UNITS, (81) AFFORDABLE UNITS), & (209) PARKING SPACES. FOUNDATION AND SUPERSTRUCTURE THROUGH FLOOR 5 PERMITTED UNDER 101035962. (OCCUPANCY GROUPS MERCANTILE (M), RESIDENTIAL (R-2), STORAGE PARKING GARAGE (S2); TYPE IA CONSTRUCTION) CONSULTANT REVIEWER: GLOBETROTTERS ENGINEERING"

[twister244]

This is such a pleasant surprise..... I was pretty convinced that after 400 LSD and Bally's - That was gonna be it for major highrise construction aside from the handful of shorter towers we may see break ground in the West Loop.

Seeing this break ground makes me wonder if we can get some other major residential high rises to get off the ground, assuming macro economic conditions don't deteriorate.

[left of center]

Great news! Let the bananas dance!

[Randomguy34]

Well, that was sudden

[sentinel]

Originally Posted by Randomguy34

Well, that was sudden

Was it though? We’ve known from the ChiNimby article from 11/2025 that the project had received funding and was in permitting. Permit issuance in early April is not unrealistic for a building of this size. I think it just went under the radar for…whatever reasons. Maybe because it’s just phase 1 of a multi-phase development? I dunno
I’m just happy it’s finally happening.

[Chisouthside]

This is gonna look cool from the kennedy along with the bally casino hotel and the mini cluster emerging off north and kingsbury.

[BrickellBased]

Originally Posted by Chisouthside

This is gonna look cool from the kennedy along with the bally casino hotel and the mini cluster emerging off north and kingsbury.

Go West Young Man!

Chicago certainly did.

Fulton Market
Kingsbury
Casino
Halsted Point
United Center?

[mh777]

Originally Posted by BrickellBased

Go West Young Man!

Chicago certainly did.

Fulton Market
Kingsbury
Casino
Halsted Point
United Center?

Don’t forget about Shapack’s (IIRC?) development at Grand/Halsted. I think I’m most excited about that.