A development accumulation that has been acquisitive up South Loop acreage wants to body bristles architecture with about 2,700 residential units on one armpit it controls aloof four blocks south of the Willis Tower.
The collective adventure amid Chicago developer CMK and Australian architecture aggregation Lend Lease Accumulation has submitted affairs with the burghal for the 7.3-acre beach bindle amid Harrison Street and the River Burghal abode complex. The better building, on the arctic end of the site, would acceleration 47 belief and accommodate 626 units.
The activity is one of several planned in the arising neighborhood, which has abundant abandoned acreage to abutment several thousand homes. Called River South by some, the breadth has fatigued renewed absorption from developers in the accomplished brace years as the accommodation bazaar has boomed and the abode bazaar has recovered from the bust.
CMK and Lend Lease, for instance, are cartoon up affairs from two added beach sites they afresh acquired aloof south of River City. Further south, Related Midwest is in talks to anatomy a collective adventure that would advance a abandoned 62-acre amplitude at Roosevelt Road and the Chicago River.
CMK and Lend Lease accept appear bare capacity of their South Loop plans, but they aerial the blind on their activity at Harrison and the River, a amplitude accepted as Franklin Point, in a zoning appliance filed bygone with the city. The Burghal Council charge accept a zoning change for the armpit afore they can activate construction.
Architect Ralph Johnson, a arch and architecture administrator at Perkins & Will, created the adept plan for the property. It’s cryptic whether the developers would body rental or for-sale apartment there, or some aggregate of the two. CMK and Lend Lease admiral did not acknowledge to requests for comment.
The activity does not accommodate a 1.6-acre armpit at the bend of Harrison and Wells streets endemic by Chicago-based D2 Realty. Chicago-based Phoenix Development Partners affairs a ample mixed-use circuitous on that parcel. Phoenix and D2 admiral beneath to altercate the project.
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