New Holy Name residential development could add 700 units to the River North

Posted by Andreas Holder on Wednesday, April 5th, 2017 at 6:58pm.

According to an article in Crain's Business, a new residential project with about 700 apartments and condo units could be built on a parking lot across from Holy Name Cathedral in Chicago's River North area. 

According to the article, Chicago-based JDL Development confirmed that they are in talks with the Archdiocese of Chicago to acquire the site across the Cathedral. The site is now being used as a parking lot. 

The site is located in one of the most expensive and thought after neighborhoods in River North, just a couple blocks away from Michigan Avenue and surrounded by luxury hotels and condominium buildings. 

We have long wondered when this site would be developed and what type of project would be built. According to the Crain's article, the project would include luxury apartments, condominiums and about 100,000 square feet of retail space. A concern is the addition of cars to the neighborhood, which already includes some of the most congested intersections of the city. Of course, the development would include ample parking for residents and visitors. 

All in all though, as a resident of the area, I am looking forward to the site being developed. It will undoubtedly add more options for shopping, dining and entertainment as well as an interesting mix of residential options. 

 

Andreas Holder, Chicago Real Estate AgentAre you thinking about buying a home this year in Chicago? Andreas Holder can help! Let him be your guide to the downtown Chicago real estate market and help you find a home that not only matches your needs, but your lifestyle too.
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