City Selects Bold 25-Story Mixed-Use Tower to Revitalize Loop's Pritzker Park Corner

By Socialhood News · Il/Chicago/The Loop · February 19, 2026

The Loop is getting a major vote of confidence from the city: just yesterday, the Chicago Department of Planning and Development announced the selection of a winning proposal to redevelop a long-underutilized City-owned site at 331–35 S. Plymouth Court — right overlooking Pritzker Park. The chosen plan calls for a 25-story mixed-use building that promises to breathe new life into one of the neighborhood's most overlooked corners.

The minority-led project team is an all-star roster of Chicago firms, including Power Construction, UJAMAA Construction, architecture firm Perkins & Will, and landscape architect Site Design Group. Alderman Lamont Robinson (4th) called it an "exciting proposal" that will "reactivate one of the Loop's most underutilized sites with mixed-use amenities." The city could chip in up to $5 million in grant funding to support eligible development costs, signaling strong public commitment to seeing this project through.

This announcement adds to a wave of momentum reshaping The Loop's southern end. Book lovers, take note: Barnes & Noble is also on track to open what will be its largest Chicago store in The Loop in 2026, with the company calling the Chicago market "a very important one." Whether you're a future resident, a bookworm, or simply a neighbor proud of your downtown, now is a great time to stay engaged — attend a community meeting, explore Pritzker Park, and watch your neighborhood rise.

Sources:
1. https://www.chicago.gov/city/en/depts/dcd/provdrs/ec_dev/news/2026/february/mixed-use-development-selected-for-loop-site-overlooking-pritzke.html
2. https://www.wbez.org/business/2026/01/10/barnes-noble-largest-chicago-bookstore-successful-openings