New information has been revealed on the sale of two historical structures at 29 E Ohio Street and 619 N Wabash Avenue in River North. Located on opposite corners of each other and across the street from the upcoming temporary Bally’s Casino, the buildings hold Chicago staples of Pizzeria Uno and Due. Previous CEO of the chain Aaron Spencer approved the sale of the buildings to the Texas-based investment firm Newport Global Advisors, who also fully purchased Uno’s in 2017.
Structural work on HUGO, LG Development‘s two-building project in River North, has now surpassed the third-floor mark. The development, comprising of two separate buildings at 751 N Hudson Avenue and 411 W Chicago Avenue, is expected to be completed in 2023.
Initial caisson and foundation preparation can be seen for a 16-story commercial building at 311 W Huron Street in River North. This upcoming retail and office building, planned by North Wells Capital, had scored $88 million lease with the major tenant Spins earlier this year, jumpstarting the now-underway project. The company will take up occupancy in the top three floors of the 226-foot-tall building. The edifice is replacing a former parking lot just west of the elevated Chicago Transit Authority L tracks. Since the last update, a tower crane permit has also been issued, adding to a new pocket of cranes in the northwest corner of River North once it’s installed in the coming weeks.
Yesterday, developer VISTA Property Group and its general contractor, Skender, broke ground on a new mixed-use high rise at 741 N Wells Street in River North. The 21-story, 201,000-square-foot development will yield a total of 168 apartment units. Located prominently at the corner of Chicago Avenue and Wells Street, 741 N Wells is one of the latest developments adding to the neighborhood’s recent uptick in construction.
Glass installation for the 60-story Salesforce Tower at 333 W Wolf Point Plaza is nearly complete. The 850-foot-tall, office-oriented skyscraper by Hines is approaching its anticipated 2023 completion, and already stands out as a cornerstone of the expanding northwest skyline. Featuring a neomodernist design by Pelli Clarke & Partners, the tower is outfitted with a tapered setback massing and a predominantly glass facade.