Thursday, October 29th, 2020
JDL Development has proposed a multiphase mega-development with both commercial and residential properties, as well as public green space, near Old Town. The proposed Near North Side development, North Union, would span 8.1 acres and cover half of the current Moody Bible Institute’s Near North Side campus.
North Union would bring over 30,000 square feet of commercial space, 2680 rental apartments, and 1.3 acres of green space to Moody Bible Institute’s campus. JDL currently has a deal to buy the land and Moody Bible plans to continue to operate on the remaining 9.4 acres of their current Near North Side campus.
The proposed development would be situated between Wells Street and the CTA brown line tracks, bounded by Hill and Chestnut Streets as the northern and southern boundaries. Current plans include three high rises along Oak Street at 44, 47, and 55 stories respectively. Plans also include over 200 low rise units like town homes. Once approved, the development could take 7 to 10 years to complete.
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