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January 2019

Found 4 blog entries for January 2019.

Photo Credit: Sterling Bay

Lincoln Yards is probably one of the most anticipated developments in the Chicago area this year. As promised, we plan to keep you updated as more information becomes available.

Today, after a heated discussion, Sterling Bay is one step closer to the green light to build their mega project along the Chicago River. The Plan Commission approved Sterling Bay’s revised proposal, which didn’t sit right with residents in the North Side community. They were disappointed with 2nd Ward Alderman Brian Hopkins for backing Sterling’s plan so soon after revisions.

The revised plan is more detailed of course. The biggest change is the elimination of the 20,000-seat soccer field they originally proposed. That space will now be

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CA Ventures Development

Photo Credit: Real Estate Alert

 

CA Ventures recently released an ad in a trade publication that shows a rendering of a tall tower at the northwest corner of Lake and Stetson streets. The site where this project will take place was originally supposed to be the Mandarin Oriental hotel and luxury condos. However, it went into foreclosure and the land was placed for sale over two years ago. 

 

As you can see from the above picture, the ad leaves us to guess, since it doesn’t provide details; we only know the location. It’s good to note that the company responsible for the ads are well-known for their apartments. Because of this, we can assume that the site will consist of luxury apartments. 

 

CA Ventures still has a long way to go.

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CTA Red Line Rendering

Photo Credit: Related Midwest

Well-known developer Related Midwest proposed to turn 62-acres of Chicago riverfront property in Chicago’s South Loop into a campus with multiple amenities. One of the main features of Related Midwest’s proposal is the new red line station, which Related wanted to build on the east corner of 15th and Clark Street. However, Alderman Pat Dowell is not on board with this location. She refuses to support the $300 million-dollar red line development. This proposed 62-acre project has been nicknamed “The 78” would be a 13 million-square-foot development.

 

Alderman Dowell went on to say, “While I fully support 'The 78' development as a unique and necessary opportunity for growth in the City of Chicago, I cannot support

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Lincoln Yard Rendering

Photo Credit: Sterling Bay

An email written by 2nd Ward Alderman Brian Hopkins threatens the most ambitious development project on Chicago’s North Side. The development plan, drawn by Sterling Bay, features a 20,000-seat soccer stadium/entertainment district that Live Nation, a popular concert promoter, would oversee. The developments plan is to be located between Lincoln Park and Bucktown. The proposal also includes a 21-acre public space, while the last proposal only included 13.4 acres. However, they need more acreage for public space according to Hopkins.  

Hopkins goes on in his email to say “I am not in support of a major sport and entertainment arena within either of their two planned development districts now under

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