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Riverside Investment and Development officially unveiled its plans for a former Chicago Tribune printing plant site in River West, nearly two months after renderings of the redevelopment were posted online. As with most Riverside projects of late, they are ambitious.
The renderings from Riverside and Goettsch Partners call for three office buildings and a 310-unit residential tower, to be built in phases. The first phase of the development, a 220-foot, 435K SF loft office tower with riverfront views, would be completed by mid-2019, depending on how fast demolition and construction permits are issued.
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The four buildings would be connected by a centralized plaza that can accommodate food trucks — neighboring 600 West Chicago is one of the city's busiest designated food truck areas. The project features 4.5 acres of public space, including a riverwalk, boat launches and a water taxi stop.
Riverside and its partner in the development, Tribune Media, estimate the cost of the development at around $600M. The renderings' unveiling coincides with Riverside officially filing zoning paperwork for the site, which is currently zoned exclusively for industrial. The new North Branch Industrial Framework approved in July allows for zoning changes to industrial sites to accommodate mixed-use. The seven-acre Tribune site is one of a handful of developer-controlled sites along the lower North Branch Corridor.
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