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14 May 2024

Timeline And Renderings Revealed For Halsted Landing In River West

Timeline And Renderings Revealed For Halsted Landing In River West

Further details and a timeline have been revealed for ‘Halsted Landing’ at 700 W Chicago Avenue in River West. Located along the river just north of the upcoming casino site, the three-phase development is being presented to the Plan Commission later this month. The development is being led by developer Onni Group who is also in charge of Halsted Pointe across the river.

Earlier this year we received some of the first renderings for the project, now more have been provided along with its total estimated cost of $1.1 billion. Here is a recap of the Goettsch Partners-designed phases below along with their estimated completion date:

Phase 1 – 600-feet tall – Construction: Q1 2029 – Q3 2031

The first phase will rise on the northwest corner of the site along the river. Rising over 600 feet in height, it will feature 688 residential units of which 148 will be liner units along the large podium containing retail space on the street and riverwalk level. The unit make-up will be 208 efficiencies, 252 one-bedrooms, 174 two-bedrooms, and 58 three-bedroom layouts, of which 138 units will be affordable. There will also be 400 feet of riverwalk built in this phase.

Phase 2 – 500-feet tall – Construction: Q3 2031 – Q1 2034

The second phase will sit on the intersection between Chicago Avenue and Halsted Street; it will be the shortest of the three with retail along all sides of the base. Inside will be 542 units of which 160 will be liner units. We can also assume a similar unit layout make-up though unconfirmed. It will also contain a second 150-foot commercial structure built above the podium of the phase-one tower along Halsted.

Phase 3 – 650-feet tall – Construction: Q1 2034 – Q1 2037

The tallest of the three, it will sit on the southeastern corner of the site, containing two towers rising 550 and 650 feet in height. The taller structure will hold 636 residential units while the shorter building will hold 585 units. We can assume a similar unit layout make-up as well. The podium will also feature retail on all sides and along the rest of the riverwalk which will be completed in this phase with a cut-through path from Chicago to the river.

In total the project will hold 2,451 residential units in total, of which 490 will be considered affordable. There will also be 1,950 vehicle parking spaces as well as the potential for a hotel component in the future. The developer will also contribute over $26 million to city funds including the Neighborhood Opportunity Fund and Adopt-A-Landmark. It is likely the 2029 start date may align with the end of Halsted Pointe.

The project will require additional city approval to move forward as well.

Find out more at Chicago YIMBY

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