Developer Watch: Smithfield Properties Plan Condos on Moody Bible Site

The developer has proposed a 33-story tower with ground-floor retail space and 290 housing units for the River North property.

Photo © 2013 Google Map of 819 N. La Salle location where Smithfield Properties plan a 30-story apartment tower and street level retail. Red tape includes city approval on zoning changes.

The ever-nimble Yo Chicago reported on Smithfield Properties proposed 290-unit condo development at the intersection of Chicago and La Salle Streets. The planned River North apartments is the latest from the team that brought us the (recently sold) 22-story SoNo East mixed-use multi-housing project in Lincoln Park and Joffrey Tower. Smithfield's play for the Moody Bible Institute propety joins a flood of developers camping out in River North, an area with a bulging inventory load poised to double the record-setting 2,700 units now available, according to Crain's. Who doesn't like watching Smithfield (a darling of city hall) do his thing? We'll keep updating.

Ardecila, a member of the exceptional SkyscraperPage forum, posted this early rendering back on Jan. 20, 2013.

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