Pushing over a year a half of negotiations, developer John O’Donnell is ready to move forward with a massive redevelopment of Chicago travel hub, Union Station, which is also home to Amtrak, and the adjacent bus facility. Additionally, O’Donnell Riverside Development and Investment will present plans for a proposed tower atop the station. The plans feature 330 hotel rooms and 404 residential units above the historic building. The property adjacent to the station, currently a parking garage and bus facility, will soon be home to a new office tower as well.
As $1 billion plus worth of new construction is going to be put into the new project, residents and workers nearby can expect to see a huge shift in the dynamic of the bustling neighborhood. Located at the edge of West Loop and the Loop, the location is central for businesses and residential developments.
Along with new luxury residential units and office space, the plan will include the addition of new, more efficient train lines beneath the building. Union Station is about to get everything, and then some, to make it the ideal travel, work and living space for Chicagoans.
With the developer aiming for a comfortable and inviting space, it is proposed that outward-facing retail will add that to the 3.1 million square foot redevelopment. Planned to be completed within six years, this project is incredibly exciting for the Chicago downtown market.
