Tribune Real Estate Holdings filed a development plan earlier in October for a riverfront development at 777 W. Chicago Ave. and a neighboring site at 700 W. Chicago Ave, according to a statement from the company.
The site was designed by architecture firm Solomon Cordwell Buenz and is a joint venture between Tribune Media and Riverside Investment and Development.
The River District, and aims to connect The Loop, River North, Fulton Market and River West. Under the current plan for 777 W. Chicago, more than 9 million square feet of mixed-use development will accommodate over 19,000 jobs and 5,900 residential units, according to the statement.
The project will increase green space by 25 percent with 12 acres which includes riverfront improvements and public parks. The Riverwalk expansion will feature 3,200 feet of pathways as well. The plan also includes pedestrian and bike path connections. Infrastructure improvements include a boulevard linking Grand to Chicago avenues and an extension of the city grid at Ancona and Superior. There will also be viaduct construction to connect Halsted and Chicago as well as site-wide utility upgrades.
Pending city approval, the first phase of the redevelopment will occur on the site’s southern end, on 18 acres that could support 5.5 million square feet beginning in 2020. The second phase, redeveloping the remaining 12 acres, could later be built-out based on market demand and support an additional 3.7 million square feet.