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Informations principales sur l'investissement

  • Prime development site in Chicago’s Lakeshore East, a premier master-planned community.
  • No affordable housing requirement, unlike the citywide 20% mandate.
  • Immediate access to Riverwalk, Lakefront Trail, Millennium Park, and the Loop.
  • Grandfathered PD 70 zoning allows 702,256 SF of buildable area with zero bonus FAR cost.
  • Approved plans for 574 residential units, 239 hotel keys, co-working, and retail space.
  • Rare opportunity in a high-density, high-demand submarket with limited remaining sites.

Résumé analytique

193 North Columbus Drive presents a rare opportunity to acquire a premier development site in the heart of Chicago’s Lakeshore East neighborhood, one of the city’s most prestigious and successful master-planned communities. Spanning 32,837 square feet, the site is strategically positioned at the convergence of the Chicago River, Lake Michigan, and the Central Business District, offering unmatched connectivity and visibility.
The property benefits from highly favorable zoning under PD 70, which allows for up to 702,256 square feet of floor area with zero bonus FAR cost and no affordable housing requirement—an exceptional advantage in today’s regulatory environment. Approved plans are in place for a world-class mixed-use tower featuring 574 residential units, 239 hotel keys, 37,192 square feet of co-working space, and 10,170 square feet of retail. Parking requirements are minimal, with only 33 new spaces needed and an easement granting access to 329 existing spaces in the Aqua Parking Garage.
Lakeshore East is anchored by a six-acre park and offers direct access to the Riverwalk and Lakefront Trail, creating a vibrant, amenity-rich environment. The neighborhood is home to a dense, affluent renter base and is surrounded by luxury residential towers and trophy office assets, ensuring sustained demand for high-quality multifamily and hospitality product. With limited remaining development parcels in this high-barrier-to-entry submarket, 193 North Columbus Drive represents an unparalleled opportunity to deliver a best-in-class mixed-use project in one of Chicago’s most dynamic urban settings.

Informations sur l’immeuble

Type de vente Investissement
Nb de lots 1
Type de bien Terrain
Sous-type de bien Terrain commercial
Usage proposé
Local commercial
  • Logement
  • Hôtel
Surface totale du lot 0,31 ha
Zonage PD 70 - Allows for up to 702,256 SF of Floor Area with ZERO bonus FAR cost paid to the City

1 Lot disponible

Lot

Surface du lot 0,31 ha

Spanning 32,837 square feet, the site is strategically positioned at the convergence of the Chicago River, Lake Michigan, and the Central Business District, offering unmatched connectivity and visibility.

Description

Spanning 32,837 square feet, the site is strategically positioned at the convergence of the Chicago River, Lake Michigan, and the Central Business District, offering unmatched connectivity and visibility. The property benefits from highly favorable zoning under PD 70, which allows for up to 702,256 square feet of floor area with zero bonus FAR cost and no affordable housing requirement—an exceptional advantage in today’s regulatory environment. Approved plans are in place for a world-class mixed-use tower featuring 574 residential units, 239 hotel keys, 37,192 square feet of co-working space, and 10,170 square feet of retail. Parking requirements are minimal, with only 33 new spaces needed and an easement granting access to 329 existing spaces in the Aqua Parking Garage. Lakeshore East is anchored by a six-acre park and offers direct access to the Riverwalk and Lakefront Trail, creating a vibrant, amenity-rich environment. The neighborhood is home to a dense, affluent renter base and is surrounded by luxury residential towers and trophy office assets, ensuring sustained demand for high-quality multifamily and hospitality product.

Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100

Taxes foncières

Taxes foncières

Numéro de parcelle
17-10-318-075-0000
Évaluation du terrain
208 102 €
Évaluation des aménagements
0 €
Évaluation totale
208 102 €
  • ID de l’annonce: 39389382

  • Date de mise sur le marché: 10/02/2026

  • Dernière mise à jour:

  • Adresse: 193 Columbus Dr, Chicago, IL 60601

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