Mortgage Loans By: David Braun (630) 687-5800 davidbraun.loan Chicago CONDO Lending Expert RIVER WEST CHICAGO DEVELOPMENT NEWS A look inside the four-tower ‘urban campus’ planned for 700 W. Chicago

A look inside the four-tower ‘urban campus’ planned for 700 W. Chicago

CONDO MORTGAGE RATES CHICAGO

A new animation provides the best look yet at the seven-acre redevelopment

Youtube/ZOAstudio

While the $700 million redevelopment of the Chicago Tribune’s riverfront real estate may still be some ways off, a new video provides our best look yet at the four-tower complex planned for 700 W. Chicago Avenue. The two-minute animation, which comes from Hungarian-based visualization company ZOAstudio, showcases sweeping 360-degree views of the mixed-use project as well as a first look at its interior amenities including a food hall, fitness center, and roof deck.

Known officially as 700 at The River District, the River West proposal is a joint venture between Tribune Media and Riverside Investment & Development. The plan by architect Goettsch Partners currently calls for three loft-style office towers, a 300-unit residential high-rise, and a 4.5-acre waterfront park with a publicly-accessible riverwalk.

The project is being marketed as a “Connected Campus.” The term not only suggests it will be tailor made to suit technology-oriented tenants but also an allusion to the parcel’s proximity to multiple modes of transportation including CTA lines and the Chicago Water Taxi. A planned access road connecting the site to Chicago’s commuter rail hubs also makes a reappearance in the video.

A zoning application for the four-tower development was filed in early September on the heels of a sweeping City Council measure that opened up Chicago’s North Branch Industrial Corridor to new uses such as office and residential. The project still requires City of Chicago approval—and presumably a sizable commitment from an end user—to begin construction.

The 700 at The River District plan is just one component of a much larger master plan for Tribune-owned real estate along the Chicago river. Combined with a 30-acre parcel south of Chicago Avenue which is currently home to the Freedom Center printing plant, the greater River District complex could someday support dozens of mixed-use high-rises.

A rendering of The River District master plan. The four towers of 700 W. Chicago are pictured left.
 Solomon Cordwell Buenz

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