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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Demolition Completes for Harper Court Phase 2 in Hyde Park

Demolition has cleared the way for the new Harper Court Phase 2 at 5209 S Harper Avenue in Hyde Park, developed by The University of Chicago in partnership with Trammell Crow and Beacon Capital Partners. The 13-story mixed-use construction will comprise of retail and a new medical research office facility with nearly 300,000 square feet of lab space, one-sixth of which will be occupied by The University of Chicago. The project site is situated just west of the railroad tracks, with E 52nd Street to the north, S Lake Park Avenue to the east, E 53rd Street to the south, and S Harper Avenue to the west.

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