Tribune Megasite Could Transform Downtown Chicago
In "a move that paves the way for the redevelopment of a high-profile chunk of downtown," Tribune Media is selling off a sprawling riverfront property with the potential of large-scale mixed-use development. Danny Ecker reports in Crain's Chicago Business.
The formerly industrial 30-acre property, already "one of the most prominent sites in the 760-acre North Branch Industrial Corridor," was recently rezoned to allow the development of an 8.5 million-square-foot mixed-use campus. Tribune had dubbed the initial proposal "the River District"—in honor of its 2,000 linear feet of riverfront land—and could still potentially partner with a developer on its creation rather than handing the project off entirely.
Currently home to the Chicago Tribune's printing plant, the site was presented to Amazon as an option for its second headquarters in 2017.