Developers Ready for New Opportunities Along the Chicago River
Ryan Ori reports on the first signs of the market responding to land use changes made on a 3.7-mile stretch of the Chicago River.
"Belgravia Group has a contract to buy a triangular, 4.5-acre land parcel for about $20 million," according to Ori. "Belgravia's preliminary plan is for multiple low-rise buildings with about 90 condominiums, 250 apartments and 60,000 square feet of retail."
News of the project follows the May approval of a new plan for the 760-acre industrial corridor, the North Branch Framework Plan and Design Guidelines, though "specifics of the zoning overhaul still are being hashed out, and each individual development will require negotiations with the city."
Ryan Ori reported on the plan when the draft was released, predicting the new plan would precede a building boom.
Topics
- A Euclid Dissent
- D.C. Will Say Goodbye to RFK Stadium
- 28,000 Homes Planned for Desert Southeast of Tucson
- Google's San Jose Transit Village Plans Revealed
- The Varied Career of a Transit Service Planner
- The Life and Death of Neighborhood Rebrandings
- 150 Acres of Undeveloped Land to Become 2,350 Homes Outside Denver
- California to Las Vegas High-Speed Rail: Expected for Construction in 2020
- Anti-Development Forces Strike at L.A.'s Transit Oriented Communities Program
- New York City 'More Congested Than Ever'
- Lessons in Tax Increment Financing
- Seattle Ponders Improvements to Ballard Bridge for All Modes of Transport
- L.A. Unveils Plans for Historic Water Infrastructure Tax
- France's Transit Ridership Booms as the USA's Busts
- Your County May Not be Very Good at Accessing Community Development Funding
- Toronto's New Affordable Housing Program Yields 651 New Units
- The High Cost of Cool Air
- After Rash of Pedestrian Deaths, Texas Looks to Create Safety Initiative
- Fewer Bus Stops in Pittsburgh
- Batteries Replacing Horses in the Carriage Industry
