Halsted Pointe, an ambitious mixed-use development spearheaded by Onni Group, is gearing up to reshape the southern tip of Goose Island in Chicago. With $50 million in construction financing secured and demolition work completed, the first phase of this landmark project is set to begin, marking a significant change in the area's urban landscape. The 46-story tower, designed by Hartshorne Plunkard Architecture, promises to bring a modern architectural touch to the neighborhood, replacing the former Greyhound Bus facility at 901 N. Halsted.
Project Overview and Financing
Onni Group's securing of a substantial loan from Otera Capital is a critical step in realizing the vision for Halsted Pointe. This financing paves the way for the construction of a 46-story building that will feature residential units, commercial spaces, and a host of amenities, contributing to Goose Island's transformation.
A Comprehensive Development Plan
Urbanize Chicago states that the Halsted Pointe project is planned in four phases, with the potential to deliver up to 2,650 residential units, retail space, a hotel, and significant parking spaces. This comprehensive approach highlights the developer’s commitment to creating a vibrant, mixed-use community.
Design and Structural Features
The design of the tower has evolved from its original concept, now featuring rectilinear corners and an angular expression as the tower rises. This change enhances the building's visual appeal and aligns with contemporary architectural trends.
The sloped site presents unique design challenges and opportunities. The development cleverly utilizes multi-level access to accommodate retail parking and mechanical spaces on the lowest level, with commercial and residential spaces above.
Amenities and Residential Offerings
The project's podium will house a range of amenities, including:
- Spa/wellness space
- Fitness center
- Game room
- Lounge
- Outdoor deck with a pool
- 200 vehicle parking garage
With a total of 460 apartments, Halsted Pointe will offer a mix of one, two, and three-bedroom layouts. Every unit will feature a balcony, providing residents with private outdoor spaces. The inclusion of affordable units reflects a commitment to inclusive housing.
Urban Impact and Future Development
Halsted Pointe’s development is more than just a construction project; it represents a significant addition to Chicago’s urban fabric. The project will contribute to the neighborhood's revitalization, making Goose Island a more desirable place to live and work.
According to a DataBid blog titled Onni Group to Break Ground on Halsted Pointe on Goose Island, the completion of Phase 1 will set the stage for the subsequent phases of the development. The subsequent towers will follow in a clockwise direction around the site. On the northeastern corner of the site, Phase 2 will include a 30-story and a 45-story tower with 1,150 apartments, commercial space and 500 parking spaces. At the southeastern corner of the site, Phase 3 will include a 65-story mixed-use tower. Rising 691 feet, the tower will have 1,015 units with 18,000 square feet of retail and 600 parking spaces. This phase will also deliver over 100,000 square feet of outdoor green space with a new riverwalk and market plaza. The final phase will sit on the southwest corner of the site, delivering a 28-story hotel standing 313 feet tall. The building will have 2,150 square feet of retail space and 300 hotel keys.
For those in the construction field, this project represents the complexities and opportunities inherent in urban mixed-use developments. The collaboration between developers, architects, and contractors will not only shape the physical landscape but also impact the community's social and economic fabric. As the project progresses, it stands as a testament to the transformative power of thoughtful urban development and the construction industry's role in shaping cityscapes.
DataBid is currently reporting on this project - Former Greyhound Bus Maintenance Facility Redevelopment Goose Island - Chicago (0039020119)
See DataBid Blog titled Onni Group Proposes Massive Development on Goose Island
