Progress continues at a steady pace at the 150 E Ontario Street hotel project in Streeterville, as construction is currently wrapping up on the third level. The 28-story, 345-foot-tall structure is set to become the latest addition to the RIU Hotels and Resorts chain, hosting 388 guest rooms and a cafe at the southeast corner of the ground floor. The Prime Group is spearheading the project as developer.
L3 Capital has recently secured a permit to build a two-story mixed-use property at 1043 N Rush Street in the Near North Side neighborhood. The upcoming project will be located between E Bellevue Place and E Cedar Street, taking the place of the present two-story structure that is home to Carmine’s.
Since YIMBY’s last update, North Wells Capital’s 16-story mixed-use tower has topped out in River North. Located at 311 W Huron Street, the tower now stands 226 feet tall and house programming for both retail and office. North Wells Capital has already secured Spins as the anchor tenant to occupy the highest four office floors at an $88 million lease.
A new permit has been issued for a four-story residential building to be located at 1363 W Hubbard Street in West Loop. Replacing a three-story frame residence, the project is being built by owner Maurice Connolly, whose plans include three total residential units.
The Lincoln Yards mega-development is set to enter its next phase as two of its riverfront parcels, D2 and D3, are scheduled to break ground next month. Following the completion of the life sciences ofice building at 1229 W Concord early this year, developer Sterling Bay has reevaluated the phasing plan for the Hartshorne Plunkard Architecture and Gensler-designed project, likely due to shifts in the economy. This adjustment prioritizes the development of mixed-use structures at the D2 and D3 parcels, located just north of 1229 W Concord.
