A three-quarter-acre parking lot adjacent to Roosevelt Collection has just recently hit the market. The hefty $9M ask reflects the site's potential: zoned Dx-5, the land has a floor area ratio (FAR) of 5 and favors mixed uses. In other words, build to the envelope and you're permitted five stories. But go skinny and sizable towers enter the equation. The site occupies 817-907 S Wells, has two corners, and looks onto the soon-to-be-built British School and the very much present River City condo complex. It's also only five blocks from the Financial District. This shouldn't be the kind of parcel that languishes years without development interest, but in the southwestern edge of The Loop you never can tell. Thus, our call to anyone listening: please build here.
·Listing: 817-907 S Wells Street [Universal Realty Group]
·Please Build Here [Curbed Chicago]