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New River North condo project ready to begin construction at Huron & Dearborn

The 13-story development is targeting a summer 2018 delivery

Another, high-end boutique condo development is ready to break ground in Chicago’s River North neighborhood as a 13-story project slated for 56 W. Huron Street has recently scored a new construction permit. Replacing a narrow 1912 former church building that most recently served as a hair salon, the new glass and steel structure from Chicago-based Kiferbaum Development and Studio Dwell Architects will contain just 11 dwelling units.

The 154-foot development includes a ground floor residential lobby plus parking for eleven vehicles and private elevator access directly into its ten full-floor condominiums and single duplex penthouse unit. Each home will feature floor-to-ceiling glass, private terraces, and designer fixtures.

According to the project’s website, pricing at 56 W. Huron starts just shy of $1.4 million for its lowest, smallest unit and tops out at nearly $4 million for the two-level penthouse. A parking spot will run an additional $45,000. With construction ready to begin, the building hopes to welcome residents by the summer of 2018.

Though developers delivered thousands of condominium to River North during the pre-Recession boom years, the most recent crop of condo projects have generally focused on modestly-sized buildings with a lower number of larger—and more profitable—units. Other nearby boutique projects include 61 W. Erie, 146 W. Erie, 360 W. Superior, and 351 W. Huron. One block to the west, work has also started on a 17-story, 185-unit hotel development at 110 W. Huron.

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