River North's 310 W. Huron Street Project Lands $44M in Financing, Replacing Parking Lot with 149 New Homes

By Socialhood News · Il/Chicago/Near North · February 21, 2026

Near North residents have fresh reason to celebrate neighborhood growth this week, as a major new mixed-use development just cleared a critical financial milestone. Third Coast Real Estate and ZSD Corp have secured approximately $44 million in construction financing to build a striking nine-story building at 310 West Huron Street — replacing a longtime surface parking lot with 149 new apartments and ground-floor retail space.

Designed by the respected local firm Pappageorge Haymes Partners, the building will offer a diverse mix of studio, one-bedroom, two-bedroom, and duplex units, many with private outdoor terrace spaces. Two retail storefronts facing Franklin and Huron Streets will activate the streetscape at ground level, adding everyday conveniences for both future residents and the surrounding neighborhood. With construction financing now in place and full building permits secured, work is expected to get underway soon, with a projected completion in 2027.

Industry observers see the project as a strong signal of continued investor confidence in River North's residential market and Near North's broader appeal as a walkable, transit-rich neighborhood. The building's location near the Brown and Purple Line elevated stations makes it especially well-suited for car-free living. Residents curious about the project's progress can keep an eye on the corner of Huron and Franklin Streets — and watch as an underused lot transforms into a vibrant addition to one of Chicago's most beloved neighborhoods.

Sources:
1. https://www.optionpremier.com/blogs/2026/2/18/river-norths-310-w-huron-secures-financing-to-bring-149-apartments-and-ground-level-retail