Canada based developer, Onni Group, has quickly dominated the Chicago luxury rental market. Between the successful lease ups of The Hudson in River North, three phase project at Old Town Park, and this year’s delivery at 369 Grand, Onni Group has become known for having the features in their buildings that everyone wishes they thought of. For instance, condo grade finishes in all their rentals, one bed floor plans that include fully enclosed dens and second bathrooms, convertibles that have balconies, divisible common co-working space before it was cool, and hot tubs that are big enough for multiple people to enjoy comfortably at the same time.
Under the current proposal Halsted Point would bring five towers for a total of 2650 new apartments, hotel rooms, office space, retail, and even a grocery store, to a stretch of Halsted that has, until now, been primarily industrial.
Plans also include public amenity and green spaces along the river as well as between the towers.
This stretch of Halsted, known as Goose Island, is the connector between River West to the west, River North to the east, Old Town to the north, and West Loop to the south. Just a few minute walk to the heart of each neighborhood, but on a quiet strip, itself, residents who eventually live in these new units will have arguably, one of the most desirable residential locations in the city.
As it stands, Halsted Point will likely around 10 years to complete. Due to the size, scale, and lack of other development in the immediate area, Onni Group’s new development could effectively, create a new neighborhood. Although Halsted Point is yet to receive zoning approval, it seems to have the emphatic support of the area’s alderman. “When I was kid, growing up right over the bridge from, here we used to call this area ghost town,” said Alderman Burnett at a community meeting via Zoom. “Now this area is very vibrant. We’re allowing for some residential [development], some new infrastructure is getting built, and the riverwalk is getting enhanced. A lot of great things are happening.”
Halsted Point comes in a string of mega-developments that aim to make good use of the riverfront. Southbank, The 76, and Lincoln Yards are also massive scale projects along the river with similar compositions of residential units, commercial space, and public amenities.
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Onni Group is expected to deliver yet another spectacular building in the city of Chicago. This time, it’s a 38-story apartment redevelopment of the former Clark and Barlow Hardware store in River North. Three years ago, they proposed a 32-story apartment at the same location but have come back with a whole new design. Located at the corner of Grand and Orleans, it’s a highly sought-after River North area.
The new design tops out at 452 feet and is set to include 354 residential units and 11,000 square feet of ground level retail space with the addition of a new park on the sites Eastern perimeter. The design features a tall, sleek building with have glass facade with metal panels and material called Okoskin. The building is meant to mimic modular, contemporary loft style apartments that are around the surrounding area.
In the interior, residents can expect condo-grade finishes– a signature attribute of all Onni Group Chicago developments.
Onni’s Brian Brodeur has said that 353 W. Grand is expected for delivery within the next two to three years. Onni Group has a successful River North lease up under their belt with The Hudson. They are currently continuing their redevelopment of Atrium Village and delivered Old Town Park earlier this year.
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