A proposed multi-million dollar development just got a major nod from the Chicago Plan Commission, putting it closer to reality. The idea is to transform more than 50-acres along the Chicago River’s North Branch into a massive new development.
Despite some concern from area residents, the commission gave its approval to Lincoln Yards, an ambitious $6 million plan to create a campus of skyscrapers on the North Side. In all, the plan calls for the inclusion of 6,000 new residential units.
The first phase of Lincoln Yards aims to bring new office buildings, parking and retail space to the area. The larger plan also calls for new infrastructure to support the massive complex, including new bridges over the Chicago River.
The proposed development sits along the river between Webster and North avenues. The developer behind Lincoln Yards still needs approval from several other city committees and commissions before it goes before the full City Council.