A new land sale has been announced for the property at 527 W Kinzie Street in the Fulton River District near The Loop. Located by the river and directly next to the upcoming Cassidy on Canal tower, the lot had originally been earmarked for a potential residential development. The sale is being executed by CBRE on behalf of the owner Vornado Realty Trust, who is based in New York and owns Merchandise Mart.
New details have been revealed for major investments on Chicagoland auto plants as part of a deal with United Auto Workers. The two largest winners are the Stellantis Belvidere factory at 3000 W Chrysler Drive, and the Ford factory at 12600 S Torrence Avenue in Hegewisch. The announcement comes as part of the recently announced contract between the UAW and the three major automakers of GM, Stellantis, and Ford.
The Chicago Metropolitan Agency for Planning and the Metropolitan Planning Organization Committee have approved new funding for Metra. The approval will allow for Metra to receive a $169.3 million grant from the federal Congestion Mitigation and Air Quality Improvement grant. The money will go towards new electric train sets to be used on multiple lines in order to better and increase service, though no delivery date was announced.
Multiple design iterations have been revealed for the base of the upcoming mixed-use development at 1610 N LaSalle Drive in Old Town. Sitting right on the intersection with W North Avenue, the tower is part of the upcoming Moody Church Auditorium redevelopment proposed in 2021. The project is being led by Chicago-based developer Fern Hill, with GREC Architects working on the design from now on.
A permit application has been entered for the mixed-use tower at 901 N Halsted Street within the upcoming Halsted Pointe development on Goose Island. Located on the southern tip of the island, the proposal will replace the existing Greyhound Bus facility which has already been mostly demolished. The permit is being pursued by Canadian-based developer Onni Group who used Hartshorne Plunkard Architecture on the design.
