Structured Development has received its last remaining foundation permit for its Shops at Big Deahl masterplan. Under the address 1475 N Kingsbury Street, the greenlit 27-story tower will serve as the fourth and final addition to the $250 million scheme, occupying a three-acre parcel in Near North Side‘s Clybourn Avenue corridor.
A potential groundbreaking date has been revealed for the residential towers at 400 N Lake Shore Drive in Streeterville. Located on the long vacant site of the failed Chicago Spire development, the two new towers would partially utilize the foundation hole left by the Spire and provide a cap to the Ogden Slip. Developer Related Midwest who is also behind The 78 near the South Loop is working with globally famous skyscraper firm Skidmore Owings & Merrill on the design, the firm responsible for a number of Chicago’s major skyscrapers.
Caisson drilling has begun for the 15-story condominium high rise known as Embry, located at 21 N May Street in West Loop. This residential project by Sulo Development will house a total of 58 for-sale units, ranging from two- to four-bedroom residences and spanning from 1,828 and 5,187 square feet. This 207-foot-tall edifice will replace an empty lot that once housed a two-story masonry building.
The famed Water Tower Place Mall at 835 N Michigan Avenue on the Magnificent Mile has been turned over to its lender. Located between E Chestnut Street and E Pearson Street just south of the John Hancock Tower, the retail location has occupied the full block site since the 1970’s. Most recently owned by New York-based Brookfield Properties who operate retail locations across the nation, the mall will now be in the hands of MetLife Investment Management which is a part of the insurance company.
Initial plans have been revealed for an affordable residential development at 5853 N Broadway in Edgewater. Located just south of the intersection with W Thorndale Avenue, the project would replace an existing one-story masonry building and its parking lot adjacent to the Broadway Armory community center. The current structure is utilized by the Streets and Sanitation Department, who will vacate the property. Local developer Bickerdike Redevelopment Corporation is working with Landon Bone Baker Architects on the design of the new mid-rise.
