Construction for Fulton Market‘s 1020 W Randolph Street is currently wrapping up its foundation phase and is approaching vertical construction. At 22,000 square feet, this five-story building is coincidentally the same floor area as the new Wrigley Field addition that was covered this past Sunday.
This week, YIMBY had the opportunity to attend the official groundbreaking ceremony for 920 N Wells Street, an 18-story mixed-use building in Near North Side. Developed by JDL in partnership with Square Mile Capital and Intercontinental Real Estate, the project marks the first step in a $1.3 billion development by JDL known as North Union, which will span across 8.1 acres on land formerly owned by the Moody Bible Institute.
Updated details have been revealed for the North Union megadevelopment in the Near North Side. The 8.1-acre site is bound by the CTA Brown Line tracks to the west, W Hill Street to the north, N Wells Street to the east, and W Chestnut Street to the south. It was previously a part of the Moody Bible Institute’s campus, whose parent church’s auditorium is also part of the upcoming Fern Hill Old Town redevelopment. Developer JDL, also responsible for the recently completed One Chicago project, is leading the North Union proposal and working with local firm Hartshorne Plunkard Architecture on design.
Caisson drills and other equipment can be seen at the site of 920 N Wells Street, which will give way to a new 19-story residential building in Near North Side. This new edifice will be the first step in a $1.3 billion mega development known as North Union. This masterplan will deliver nearly three million square feet of mixed-use space, while adding 2,656 new residential units to the Downtown area.
The Commission on Chicago Landmarks has approved the final certification for tax incentives for the Chicago & North Western Railway Office Building at 226 W Jackson Boulevard in the heart of downtown The Loop. The historical building recently went through a full rehab converting it into a dual-flag Hilton hotel, located on the corner of Jackson Boulevard and S Franklin Street. The approval grants the project a Class L Property Tax Incentive which will provide it with tax breaks for the next 12 years.
