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Riverside Wins Bid To Be Master Redeveloper For Union Station

An aerial rendering of Union Station's redevelopment, viewed from the west.
An aerial rendering of Union Station's redevelopment, viewed from the west.

Amtrak and City Hall have settled on a master developer for the Union Station Master Plan. Riverside Investment & Development won the rights to redevelop Union Station in a bidding process that included heavy hitters like Sterling Bay, JLL and Golub.

Riverside, Convexity Properties and architect Goettsch Partners proposed a three-phase redevelopment to be completed within a six-year timetable. The first phase will be improvements to Union Station itself, including 110K SF of new retail and a food hall, street-level complementary retail, renovations to the headhouse and Union Station's Great Hall, 100K SF of office space, a hotel above the Great Hall, and twin 12-story apartment buildings above the headhouse.

Phase 2 will feature two 750K SF office towers, 800 parking spaces and new public accessible green space. The final phase will be a 500K SF mixed-use retail and residential tower built above Union Station's transit center.

Amtrak announced a request for quotes process for a master developer last May. Mayor Rahm Emanuel and Amtrak CEO Wick Moorman will officially make the announcement this afternoon. Riverside CEO John O'Donnell, a panelist at Bisnow's Big Midwest Office event on June 14, is expected to be in attendance. Union Station is Riverside's third high-profile downtown development. It delivered 150 North Riverside last December and is part of the development team at 110 North Wacker.