Landmark Tax Incentives Approved For Restaurant Redevelopment In River North

Tax incentives have been approved by the Commission on Chicago Landmarks for the redevelopment of the LaSalle Street Cable Car Powerhouse at 500 N LaSalle Drive in River North. Located on the northwest corner with W Illinois Street adjacent to the recently completed 448 N LaSalle office building, the structure will once again become a restaurant from an overseas operator. London-based Hawksmoor will convert the space into a new steakhouse with an undisclosed designer.

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18th & Peoria Framework Plan Approved By Plan Commission

The first approval has been granted for the 18th & Peoria framework plan in Pilsen by the Chicago Plan Commission. Previously announced in March of this year, the 6.3-arce site has belonged to the city since 2022 after some failed attempts to be redeveloped. Now the city and the Chicago Department of Housing (DOH) are leading the masterplan efforts designed by AECOM with local firms UrbanWorks and Koo Architecture.

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