Tribune Real Estate Holdings, a subsidiary of Tribune Media Co. (NYSE: TRCO), has received approval from the City of Chicago for a mixed-use development.
The development, called The River District, will feature 4,100 residential units and 2,000 feet of riverfront pedestrian walkways. The 8 million-square-foot development will be built at 700 and 777 W. Chicago Ave.
The development will include 1,250 to 1,500 residential units, a 1.8-acre public park and 560 feet of pedestrian walkways along the river. The site supports an additional 7 million square feet of development.
The project is designed by Chicago-based architectural firm Solomon Cordwell Buenz.
Tribune Media hasn’t announce a construction timeline yet.