7 Major Developments Along The Chicago Marathon Route
The Bank of America Chicago Marathon is an endurance test for the over 45,000 runners who participate in it every year. The race also serves to showcase Chicago to the world, and if you look closely you'll find major development projects along the course. If you're running Sunday, we've highlighted seven developments that should command your attention as you pass them.
Developer: CIM Group, Golub
Address: 108 N State
Why it's huge: After years in purgatory, CIM achieved the impossible and turned Block 37 into a retail destination. Now the group's adding multifamily in an equally splashy way. At a planned 34 stories and 694 units, it's the largest apartment tower project in the Loop in several decades.
Developer: David Hovey, DeBartolo Development
Address: 220 E Illinois
Why it's huge: It's another entry in the crowded downtown apartment pipeline. The Streeterville multifamily market is especially competitive. Construction is underway on this 53-story, 496-unit tower, which can be viewed as runners pass along Grand Avenue.
Developer: Hines Interests, The Levy Organization, Ivanhoé Cambridge (River Point); Wolf Point Owners, led by Chris Kennedy (Wolf Point West)
Address: 444 W Lake (River Point); 350 W Mart Drive (Wolf Point West)
Why it's huge: These are two of the buildings that will transform the Chicago Riverwalk as much, if not more, than the city's own efforts along the river. River Point will rise to a height of 52 stories and contain 1.05M SF of office space, while Wolf Point West will consist of three buildings, including a 50-story tower and 520 luxury rentals. Both projects include parkland upgrades connecting to the river.
Developer: Fifield Cos
Address: 347 W Chestnut
Why it's huge: Steve and Randy Fifield worked meticulously with the city to get approval for this 28-story apartment tower in a part of River North normally zoned for low-rise industrial and residential. With downtown population expected to grow by 100,000 residents in the next decade, Randy Fifield told us in June Avant will fill the “hole in the doughnut” in an area lacking in affordable housing for tech and creative workers, and will prove to be an attractive option for workers in the creative and technology jobs triangle of Goose Island, River North and the West Loop.
Developer: Gerdling Edlen
Address: 625 W Division
Why it's huge: Slated to open in November, this 240-unit building on the former Cabrini-Green site may pave the way for future development on the highly attractive site. In a nod to local history, the building is named after Saint Francis Xavier Cabrini.
Developer: Cedar Street Cos
Address: 1515 W Monroe
Why it's huge: Cedar Street bought the three-acre campus for $20M last month after the Salvation Army moved to a new facility in Humboldt Park, and deemed the 100-year-old campus too expensive to repair. Located near the United Center, the West Loop and the Illinois Medical District, Cedar Street is expected to become mixed-use.
Developer: City Colleges of Chicago
Address: 1900 W Jackson Blvd
Why it's huge: The 500k SF campus will feature state-of-the-art health sciences classrooms, including a virtual hospital simulating a healthcare work environment. The building will be delivered next year, in time for spring semester classes to begin. The old Malcolm X campus across the street will be redeveloped into a practice facility for the Chicago Blackhawks.
