South Loop Residents Want Open Space Preserved for River South Development

Stephen Hanafin/Creative Commons

CMK and Lend Lease have big plans for 7.3 acres in the South Loop but residents want assurances not all of that land will be used for 2,700 apartments. Many have become so accustomed to the open space in the South Loop they fear the five-tower development between Harrison Street and River City will oversaturate the area with residential units. CMK and Lend Lease filed a zoning application with the City last week and plans for the development call for a public riverwalk, but DNAInfo reports many residents would prefer the land stay as it is. Whether that's a realistic option in one of the city's most popular residential areas is another matter; the City Council needs to approve the plan first. [DNA]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Apartment Rent Declines Slowing, Demand Rising As Renter Pool Expands

High-Profile CBRE Chicago Exits Continue As 3 More Leave For Cushman & Wakefield

2 San Jose Multifamily Towers Change Hands For Combined $380M

Russell Galbut Axes 3 Miami Beach Live Local Act Projects

Chicago Office Tower Sells For $550M To Zara Founder In Blockbuster Deal

Phoenix Apartment Concessions Are Luring Students Away From Campus Housing

Tire Titan Acquires 2M SF Illinois Distribution Facility In Deal For Its Decadelong Home

Logistics Property Co. Acquires 716K SF Industrial Property: The Chicago Deal Sheet

JLL Nabs Brokerage Team With Over 75 Years Combined At Rival CBRE

Receiver Appointed For X Denver Apartment Building Near Coors Field

Social Housing Providers Turn To Bond Markets To Fund Expansions

Revere Beach Apartments Sell For $77M