The mixed-use development at 700 W Chicago Avenue in River West will be reviewed by the Committee on Zoning. Located on the intersection with N Halsted Street and replacing a massive Chicago Tribune facility, the proposal is the second attempt to develop the site across the street from the upcoming casino. This attempt is being led by Canadian-based developer Onni Group who tapped Goettsch Partners for its design.
Bound by the river on its north and east sides, the proposal also sits across the water from Onni’s Halsted Pointe development whose first building is set to start rising soon. This new project will be split into three-phases with four-skyscrapers in total. These will vary in height with large active podiums, they will rise 44, 51, 56, and 57 stories in height, with a space for a handful of expansions.
The overall project will fill the entirety of the 309,277 square-foot site with 2,451 residential units in total, these will be served by 1,950-vehicle and 2,541-bicycle parking spaces. The first of the three will sit on the northern most area of the site along the river and is bound by Halsted to the west. This will begin with a new access road with a roundabout that will eventually connect down to Chicago Avenue in later phases.
A small portion of the future riverwalk will be built along the waterway leading to the four-story podium which will contain three large retail spaces, lobby, and ramp to the parking garage, though the total number of spaces within each phase is unknown. Anchoring this will be the second-tallest tower within the overall development rising 56-stories and 600-feet tall, with a smaller 11-story side wing holding additional units.
This phase can hold up to 688-residential units, but it is worth noting there is a green space off-of Halsted earmarked for a future 9-story addition which will pull from that same pool of units. The second phase will sit on the corner of Halsted and Chicago and be anchored by a massive four-story podium which is likely to hold a majority of the development’s parking spaces. Capping this will be a multi-tiered 44-story tower rising 500-feet in height with 542-residential units.
The third and final phase will be the largest and tallest, occupying the eastern half of the site. This will include a large new riverfront park with an outdoor amphitheater, playgrounds, outdoor dining areas, public art, and a bridge crossing to Halsted Pointe. All complementing the 51- and 57-story towers built within phase three, holding 1,221-residential units and rising 650-feet at the tallest.
The project was set to be discussed in September’s meeting before being deferred. At the moment no groundbreaking information has been released but we know Onni is heavily investing in Chicago and moving quickly with its projects.