Change of Plans for River North Condo Development

Posted by Helaine Cohen on Saturday, September 10th, 2016 at 10:49am.

Once in line to be developed into a series of condos, a change of plans means rental units are instead coming to a River North development. The area in question is the parking lot on N. Larrabee, sitting across from the Groupon headquarters. Right now crews are beginning to prep the location for a planned mixed-use property.

Last year Domus Group, a local developer, had earmarked the site for a future 27-unit condo project named “Strata”. Since then plans have called for shifting the condominium plan to a mixed-use development that includes rentals.

New outlines from the architectural firm Brininstool + Lynch provide for a four-story development with 49 apartments topping four bays of retail space on the ground floor of the building. The project is also set to include 38 parking spaces.

The 857 N. Larrabee development joins a number of other nearby projects moving forward in the area. These include a 25-story apartment tower named The Hudson, currently under construction, and another 23-story development set to go in on West Chicago Avenue, also earmarked for residential use.

 

Helaine Cohen, Chicago Real Estate Broker

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