$250M Condo Project Coming to 600 N. LSD

CHICAGO-A two-tower, $250-million condominium project will be built over the next five years on arguably the most prime piece of undeveloped Downtown real estate. The nealry one-acre site at 600 N. Lake Shore Dr. is just west of Navy Pier, and has remained undeveloped despite various ideas since 1985 and an unobstructed view of Lake Michigan.

Belgravia Group and Sandz Development will build 401 condominiums in a 40-story building on the north side of the site and a 46-story building to the south. Construction is expected to take five years, and begin with the north tower. The project got a favorable recommendation, albeit with a rare dissenting vote, from the plan commission Thursday.

Plans were approved by the city in 1985 for a 79-story building with 650 multifamily rental units and 350 hotel rooms, as well as four floors of office space. That project would have been 50% larger than the proposal by 600 Lake Shore Drive, LLC, the entity formed by Belgravia Realty Group and Sandz Development for their building.