28-Story Residential Tower Proposed for Near North, Adding 340 New Homes to Growing Neighborhood

45 million project, announced in early February, would deliver 340 rental units to the neighborhood, further cementing Near North's status as one of Chicago's most dynamic residential destinations.

The proposed development represents a significant investment in the area and continues the trend of residential growth in Near North, where several adaptive reuse and new construction projects have been transforming the neighborhood. While specific amenities haven't been fully detailed, similar recent developments in the area have featured rooftop decks, fitness centers, co-working spaces, and ground-floor retail to serve both residents and the surrounding community.

As the proposal moves through the city approval process, residents interested in learning more about this development can attend community meetings that will likely be announced in the coming weeks. The project joins other significant developments in the broader downtown area, including the newly announced Barnes & Noble location coming to State Street, further enhancing Near North's appeal as a vibrant, walkable neighborhood with growing amenities for residents and visitors alike.

Sources:
1. https://chicago.urbanize.city/
2. https://abc7chicago.com/post/chicago-news-new-barnes-noble-locations-2026-include-state-street-oak-park-hyde-old-orchard-mall/18362858/