The first heavy machinery arrived in a derelict patch of the South Loop yesterday, eager to bite into the loam and build downtown Chicago’s next planned community.
When finished, Riverline will fill the vacant space south of Harrison Street, north of Roosevelt Road, and west of Wells Street along the South Branch of the Chicago River. It will eventually be composed of 2,700 homes in five towers, plus a smattering of townhouses, 16,000 square feet of retail space and semi-public parks and paths. It’s a joint venture between local developer CMK and Australian mega-developer Lend Lease.
The first phase of the Perkins+Will-designed project, where the dozers and diggers started frolicking yesterday, will be a 47-story tower with about 600 new homes.