Riverside & Blue Star Submit Permit Application for a Mixed-use Development in West Loop Gate

Construction permits are in the pipeline for a mixed-use development at 566 W Van Buren Street in West Loop Gate. This significant project, situated on the corner of S Jefferson Street, emerged last year when it received the green light to demolish two existing buildings on the site. Designed by Antunovich Associates, the development is a collaborative effort between Riverside Investment and Blue Star Properties. While Riverside Investment has previously been involved in commercial developments like 110 Wacker and BMO Tower nearby, this marks their debut in the residential sector. Occupying most of the 26,000 square-foot site they acquired, this proposal aligns with the site's current zoning.

A Fresh Residential Venture

The centerpiece of this venture is a 14-story, 155-foot-tall L-shaped tower that will grace the landscape. It will rest atop a two-story podium spanning the entire site, accommodating 76 vehicle parking spaces and 99 bicycle spaces. The podium will showcase expansive industrial-style windows with an overhang, while the main building will feature a multi-tone brick grid, breaking up the massing and creating the illusion of two distinct structures. The ground floor will house a 2,500-square-foot corner retail space, a welcoming lobby, a bike lounge, and a dog run. The upper floors will provide 198 residential units, comprising studios, one-bedroom, and two-bedroom layouts ranging from 490 to 1,100 square feet. While the developer has not disclosed the exact number of affordable units, they will need to adhere to city requirements, with a minimum of 40 expected. Residents will enjoy access to a rooftop lounge, fitness center, co-working area, and an outdoor pool deck.

Prime Location and Accessibility

Residents of this development will benefit from exceptional transportation options. They will have convenient access to CTA Routes 1, 7, 28, 37, 60, 121, 124, 125, 126, 151, 157, 192, CTA Blue Line Clinton station, and Chicago Union station, all within a five-minute walk. This strategic location ensures easy connectivity to the city's key hubs. With permits pending approval, this $75 to $90 million project is set to progress, with Lendlease spearheading construction.

In Summary, Riverside Investment and Blue Star Properties have joined forces to bring forth an exciting mixed-use development at 566 W Van Buren Street in West Loop Gate. The proposal, comprising a 14-story tower and a two-story podium, marks Riverside Investment's debut in the residential market. With a focus on maintaining the site's current zoning, this development will offer 198 residential units and a range of amenities. Its prime location guarantees easy access to public transportation, further enhancing its appeal in the vibrant West Loop Gate neighborhood. As the project awaits permit approval, Lendlease stands ready to take on the construction phase.