Seven acres of prime downtown Chicago land along the east bank of the Chicago River between Harrison Street and Roosevelt Road are being readied to transformed into five highrise buildings and a new future for the near South Loop. The $1.5 billion project is a joint venture between CMK Companies and Lend Lease, and will eventually occupy 13 acres. The first phase is a 30-story tower that will include 452 residential units.
The site is part of the new Riverline Chicago development that will join other South Loop projects being built. Eventually the master plan calls for a restored naturalistic shoreline, a publicly accessible riverwalk and park, a river taxi dock, a kayak launch, and a full riverfront amphitheater. Riverline is designed by Ralph Johnson of Perkins+Will. Eventually the site will include 16,500 square feet of retail space, and 2,700 residential spaces made up of apartments, condos and townhomes.