3 Transformative Chicago Developments to Keep on Your Radar

By Tate Gunnerson | October 22, 2018 | Home & Real Estate

A trio of major new developments in prime locations is set to transform the city skyline.

Lincoln Yards

(Lincoln Yards rendering © Skidmore, Owings & Merrill)

Linking Lincoln Park and Bucktown, the 70-acre Lincoln Yards site along the North Branch of the Chicago River is set to be developed by architects Skidmore, Owings & Merrill and developer Sterling Bay in a $5 billion mixed-use project that will radically transform the industrial riverfront area. The proposal includes buildings as high as 800 feet, up to 5,000 residential units, office space and a new soccer stadium. Water taxi stops, a link to the extended 606 trail and other infrastructure improvements will weave the newly created area into the surrounding established neighborhoods—not that there will be any reason to leave.

The 78

(The 78 rendering courtesy of Related Midwest)

A brand-new piece in the Chicago mosaic may soon click into place at a long-vacant 62-acre site bordered by Roosevelt Road, Clark Street, 16th Street and the Chicago River. Dubbed The 78 and marketed as the city’s, yes, 78th neighborhood, the proposal includes residences, restaurants, office space and retail around a 7-acre park that follows the river’s original path. Modernized promenades, bike paths and new landscaping will likewise transform the half-mile riverwalk that connects downtown with Chinatown. Says Related Midwest President Curt Bailey, “Having a project this large in downtown Chicago allows us the ability to look at projects around the world and take lessons from all of them.”

400 N. Lake Shore Drive

(Rendering by Noe & Associates/Boundary, courtesy of Related Midwest)

We can finally bid adieu to the hole in the ground at the site of the unbuilt Chicago Spire, as a pair of elegant tapering terra cotta and glass skyscrapers by Skidmore, Owings & Merrill’s David Childs and Related Midwest has been proposed for 400 N. Lake Shore Drive. Rising from a shared stone-clad podium that will contain lobbies, a restaurant and a ballroom, the proposed 1,100-foot-tall southern tower and its 850-foot neighbor will house a mix of condo units, rental apartments and hotel rooms with panoramic views. “You’re surrounded on three sides by water: the lake, the river and the Ogden Slip,” enthuses Bailey. “I would venture to say that there are very few sites like this in America.”

[Editor's note: The two-tower plan was rejected by Alderman Brendan Reilly on Oct. 22, so it's back to the drawing board for Related Midwest.]

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