SOM

400 N Lake Shore Drive. Rendering by SOM

Initial Financing Hearing Held For 400 N Lake Shore Drive In Streeterville

An initial public hearing was held for the potential financing of the first phase of the residential development at 400 N Lake Shore Drive in Streeterville. Held by the Illinois Housing Development Authority for the project under its formal address of 462 E North Water Street, the proposal looks to redevelop the long vacant site originally meant for the canceled Chicago Spire. Now developer Related Midwest appears to be resuming its work for their multi-phase plan designed by SOM.

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Demolition Permit Issued for 1353 W Fulton in Fulton Market

Shapack Partners has received a demolition permit clearing the way for a 29-story mixed-use development at 1353 W Fulton Street. The tower, set to be constructed near the western edge of Fulton Market, will take the place of the current single-story building at 224 N Ada Street. Programming will yield 308 residential units, ground-floor retail, and both resident- and public-facing amenity spaces.

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View of ARC Innovation Center at Bronzeville Lakefront Development Site. Rendering by GRIT Chicago

Equipment and Early Site Prep Spotted at Bronzeville Lakefront Megadevelopment

Site preparation can be seen for the Bronzeville Lakefront megadevelopment, led by the development coalition known GRIT Chicago. The $3.8 billion mixed-use redevelopment of the historic site of the former Michael Reese Hospital is a collaboration between local firms Farpoint Development, Loop Capital, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development, and the Bronzeville Community Development Partnership.

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View of ARC Innovation Center at Bronzeville Lakefront Development Site. Rendering by GRIT Chicago

Groundbreaking Announced For Bronzeville Lakefront Megadevelopment

An anticipated groundbreaking date has been announced for the first phase of the Bronzeville Lakefront megadevelopment in Bronzeville. Located on the massive former Michael Reese Hospital site, the multi-phase project is the first in the nation to have a 50 percent Black development team. That team is operating under the name GRIT Chicago LLC and comprises Farpoint Development, Loop Capital, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development and the Bronzeville Community Development Partnership.

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