Further details and a timeline have been revealed for ‘Halsted Landing’ at 700 W Chicago Avenue in River West. Located along the river just north of the upcoming casino site, the three-phase development is being presented to the Plan Commission later this month. The development is being led by developer Onni Group who is also in charge of Halsted Pointe across the river.
Current view of Halsted Landing by Goettsch Partners
Rendering of Halsted Landing by Goettsch Partners
Earlier this year we received some of the first renderings for the project, now more have been provided along with its total estimated cost of $1.1 billion. Here is a recap of the Goettsch Partners-designed phases below along with their estimated completion date:
Rendering of Halsted Landing by Goettsch Partners
Phase 1 – 600-feet tall – Construction: Q1 2029 – Q3 2031
The first phase will rise on the northwest corner of the site along the river. Rising over 600 feet in height, it will feature 688 residential units of which 148 will be liner units along the large podium containing retail space on the street and riverwalk level. The unit make-up will be 208 efficiencies, 252 one-bedrooms, 174 two-bedrooms, and 58 three-bedroom layouts, of which 138 units will be affordable. There will also be 400 feet of riverwalk built in this phase.
Rendering of Halsted Landing by Goettsch Partners
Rendering of Halsted Landing riverwalk by Goettsch Partners
Phase 2 – 500-feet tall – Construction: Q3 2031 – Q1 2034
The second phase will sit on the intersection between Chicago Avenue and Halsted Street; it will be the shortest of the three with retail along all sides of the base. Inside will be 542 units of which 160 will be liner units. We can also assume a similar unit layout make-up though unconfirmed. It will also contain a second 150-foot commercial structure built above the podium of the phase-one tower along Halsted.
Site plan of Halsted Landing by Goettsch Partners
Rendering of Halsted Landing riverwalk by Goettsch Partners
Phase 3 – 650-feet tall – Construction: Q1 2034 – Q1 2037
The tallest of the three, it will sit on the southeastern corner of the site, containing two towers rising 550 and 650 feet in height. The taller structure will hold 636 residential units while the shorter building will hold 585 units. We can assume a similar unit layout make-up as well. The podium will also feature retail on all sides and along the rest of the riverwalk which will be completed in this phase with a cut-through path from Chicago to the river.
Site plan of Halsted Landing by Goettsch Partners
Rendering of Halsted Landing riverwalk by Goettsch Partners
In total the project will hold 2,451 residential units in total, of which 490 will be considered affordable. There will also be 1,950 vehicle parking spaces as well as the potential for a hotel component in the future. The developer will also contribute over $26 million to city funds including the Neighborhood Opportunity Fund and Adopt-A-Landmark. It is likely the 2029 start date may align with the end of Halsted Pointe.
The project will require additional city approval to move forward as well.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Wow… They’re really pulling a Sound Transit on us…
Phase I won’t begin for another 5 years?! wtf
Wonder what’s causing a 5 year delay in starting phase one?
They’re probably waiting for interest rates to go down.
Of course, five years is stretching it a lot to wait just for rates to drop as there’s no doubt they’ll drop years before then.
My only hunch though
I believe the 5-year delay is because Onni wants to finish the Halsted Pointe project before starting this one. Pretty disappointing, but I guess makes sense so they aren’t competing with themselves to fill these towers.
Excuse me, but wtf?? Phase 1 should already be complete. I won’t even be in Chicago anymore by the time this starts. Damn. First Riverline, then Michael Reese, then the 78, then tribune tower east, then Lincoln Yards, now this? It’s hard to be optimistic about Chicago anymore 🙁
Agree but happy to hear you’ll be leaving Chicago.
Nobody cares about your opinion or your butthurt.
Same, Chicago is cooked. The lack of development in this city is insane. People will blame interest rates, but other cities like NYC, LA, Miami, Dallas, Atlanta, Nashville, Houston, etc. are still building like crazy meanwhile every project here is taking forever or not happening.
Chicago peaked in the 2010s when Rahm was in power. Remember there being 65+ cranes in the skyline in 2017? Good times.
I want to live in a city thats ever evolving, and Chicago right now is the defintion of stagnant
Right? I just can’t help but think of the new Chase HQ in NYC, the Brickell developments in Miami, and that insane-looking “Torch” tower going up in NYC as evidence that Chicago is performing more like a Philadelphia than an elite city. I moved here after 10 years in Hong Kong, Shanghai, and Beijing and was pleasantly surprised at the clip at which Chicago was developing — not just with towers but the extension of the 606 and the “Wild Mile” — both of which have also evaporated. Now we’re lucky to get some flat-pack brick square in Lincoln Park, but it usually comes at the cost of tearing down 2 greystones or a pre-fire midrise. It’s such an icky feeling these days.
Now let’s talk about crime situation in the cities you mentioned vs Chicago.. it’s not about interest rates… Neither NYC nor Miami have wild gangs riding up and down the city robing people every other day
when will those wild gangs stop putting robes on people!?
Ummm have you been in nyc lately? Subway crime is out of control.
Such thoughtful people out there robing people every other day.
Wait a moment, I care!
I wonder if this is a bet on interest rates declining in the second half of the decade.
But hey, at least they got us to focus on something other than the 2,000 parking spaces.
What’s a liner unit?
Hi Scotty!
Liner units are units that will be built along the perimeter of the podium/parking garage to disguise other uses behind.
Thanks for reading!!
What’s the point of even advertising development if the market conditions are such that you’ve decided to push back the start of the project by 5 years? I don’t necessarily think that this is an issue unique to Chicago, but you’d think that its preeminence would shield it a bit from the effects of these rate hikes… Really a shame how poor governance, a hostile regulatory environment and a protracted assault by media have all coalesced to present an impediment to development, with this timeline being one such result.
Nah, it’s Unique to Chicago. Check out urbanplanet/nashville. That city is booming and nobody there is complaining about interest rates or market conditions. Sunbelt cities are still building like crazy, as are NYC, Seattle, DC, etc.
Thanks progressives and city council! Nobody wants to build here.
I assume they want to start the northern portion of Halstead Point (901 n. Halstead) before beginning here and also let ballys build out. It’s almost as if Halstead Point is likely phase 1 and Halstead Landing is phase 2.
I think the Bally’s is part of it, plus the Chicago/Halsted viaduct and bridge work will not be done until end of 2026 so it would be hard to get anything to that site until then. I see the tear down complete at H Point but not the crane going in so I wonder if that is on partial hold now.
What is this timeframe for these midsized towers with way too many parking spots? I’m guessing for rates , but 13 years?? What kind of planning is that and how is this being approved on that timeframe.
Wow, only 13 years? Maybe I’ll have a son soon and then convert to Judaism and celebrate his Bar Mitzvah at the phase 3 completed construction tower.
The wait is because they must have a tenant renting out that industrial space…