Plans for 2,700 new homes along the Chicago River have some neighbors and realtors calling a long-vacant lot near the Willis Tower by a new name. “River South” refers to a few sites, among them: a 7.3-acre riverside parcel between Harrison Street and the River City condo complex designed by Bertrand Goldberg.
As Crain’s Chicago Business reports, that’s where developers CMK and Lend Lease are planning five towers with nearly 2,700 residential units, anchored by a 47-story building with 626 units. The developers tapped Perkins + Will principal Ralph Johnson to draft a master plan for the area.
Whether or not the River South moniker sticks, the area has generated renewed interest from real estate watchers. Two other Chicago developers, D2 Realty and Phoenix Development Partners, have previously hinted at a large, mixed-use development on a 1.6 acre-parcel nearby. According to Crain’s, developer Related Midwest is in talks to develop another 62-acre property at Roosevelt Road and the Chicago River.