River North’s 310 W. Huron Secures Financing to Bring 149 Apartments and Ground-Level Retail

River North’s 310 W. Huron Secures Financing to Bring 149 Apartments and Ground-Level Retail

Developers Secure $44 Million to Build Apartments in River North

Chicago’s River North neighborhood is poised for a notable new residential development after Third Coast Real Estate and ZSD Corp secured approximately $44 million in construction financing to build a nine-story mixed-use building at 310 West Huron Street. The project will replace a longtime surface parking lot and bring new housing and retail to one of the city’s most walkable corridors.

310 W. Huron

The financing marks a key milestone that allows developers to move forward with construction, anticipating a 2027 completion. This infusion of capital reflects continued investor confidence in River North’s rental market and in Chicago’s broader urban residential demand.

What 310 W. Huron Will Include

The new development, designed by Pappageorge Haymes Partners, will rise nine stories and include 149 residential units alongside ground-floor retail space.

Key features of the building include:

• A mix of studio, one-bedroom, two-bedroom, and duplex units with outdoor private terrace spaces
• Two retail spaces at the ground level facing Franklin and Huron Streets
• Amenities such as a top-floor lounge, fitness center, coworking space, and outdoor terrace seating
• Sustainable design features that enhance the pedestrian streetscape

The site stretches from Franklin Street to Orleans Street and incorporates bicycle parking and a modest number of vehicle spaces, reflecting River North’s transit-oriented location and walkability.

River North’s Evolving Residential Landscape

River North has long been one of Chicago’s most dynamic and desirable neighborhoods, known for its art galleries, restaurants, nightlife, and proximity to transit. The addition of a significant residential building at 310 W. Huron continues a trend of infill development aimed at expanding housing options while strengthening neighborhood amenities.

Industry observers see the project’s scale as well-aligned with current market demand. Recent reports note that developers and lenders alike are identifying opportunities for mid-sized apartment buildings that can deliver quality housing in walkable neighborhoods without requiring super-tall construction.

For renters and future residents, the project’s location near public transit — including the Brown and Purple Line elevated stations and multiple bus routes — will provide valuable connection options throughout the city.

Why This Matters for Chicago Real Estate

The 310 W. Huron project represents several larger trends in Chicago real estate:

Urban infill development: Sites once used for surface parking or underutilized lots are being redeveloped to meet ongoing housing demand.
Mixed-use design: Incorporating retail and residential enhances neighborhood vibrancy and supports local business activity.
Financing confidence: Securing construction capital in today’s market underscores sustained investor belief in Chicago’s multifamily sector.
Transit-oriented growth: Projects near transit lines benefit from walkability and attract residents who prioritize connectivity and lifestyle.

As downtown and near-north neighborhoods continue to evolve, developments like 310 W. Huron play a role in sustaining Chicago’s appeal as a place to live, work, and socialize.

What Happens Next

With construction financing secured and full building permits in place, ground work at the 310 W. Huron site will begin imminently. Developers anticipate construction moving quickly, aiming for occupancy by 2027.

The project’s mix of thoughtfully designed units and street-engaging retail is expected to attract a broad range of residents, from young professionals seeking a central lifestyle to those who value convenient access to transit and downtown amenities.

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