River Villages

River Villages

Larrabee Street & Kingsbury Street
Condominiums in River North with 1 and 2 bedroom units with dens and balconies

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Ideally located just a block from the river, boasting sleek contemporary architecture, and offering spacious one and two bedroom residences as affordable as they are luxurious, River Villages North, South and Pointe promise to become the point of greatest returns for buyers seeking the ultimate in River North living.

Near North Redevelopment Sites (as of 12/2007)

Development Name

Number of Units Planned:

Mohawk North

16

Mohawk Infill

5

Old Town Square

16

North Town Village 1

39

North Town Village 2

40

Orchard Park

13

Domain Lofts

16

Old Town Village East 1

12

Old Town Village East 2

16

Old Town Village West

38

Renaissance North (535 W. North)

18

River Village North

25

River Village South

18

The Larrabee Condominium

4

River Village Pointe

12

Parkside Of Old Town Phase I Condo

72

825 N. Hudson

2

Parkside of Old Town Phase I Rental

35

Total

397

Background  

Cabrini Extension North includes approximately 18 acres of land on the city’s Near North Side.  In 1994, CHA was awarded a $50 million HOPE VI Grant to facilitate the redevelopment of the Cabrini Extension North site.  In 1996, the City of Chicago created the Near North Redevelopment Initiative (“NNRI”) that served as a general guide for the redevelopment activities. The Near North redevelopment area is bounded by Halsted Street to the west, North Avenue to the north, Orleans Street to the east, and Chicago Avenue to the south.   The 1997 HOPE VI Revitalization Plan and the NNRI called for the construction of 2,000 to 3,000 new housing units, a new police station, two new schools, expansion/improvements of existing parks, a new public library, a new shopping center, and improvements to infrastructure.  Of the total number of housing units, 700 units will be built for CHA leaseholders in good-stnading on land throughout the Near North area.  CHA began acquiring units in 2002 at off-site properties and began the construction of Parkside of Old Town in 2006 on CHA land, which will be completed over several phases.