Transactions - MAY 12, 2017

$1b mixed-use project planned for Chicago

by Andrea Waitrovich

The Chicago Department of Planning and Development released the final version of the North Branch Industrial Corridor Framework, a project located along the Chicago River between the Fullerton Avenue bridge and Kedzie Avenue.

The billion-dollar proposal is for 760 acres. The 3.7-mile stretch will convert the industrial land into office buildings, apartment towers and hotels near the river on the North Side. Included in the final plan are 10 additional acres of park space specifically for sports fields, bridges, a new Metra station and other infrastructure.

The final plan is expected to be considered, and approved, by the Chicago Plan Commission at its May 18 meeting.

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