Onni Group, a Canadian real estate developer, has announced plans for a massive $1.1 billion mixed-use project near the site of the new Bally’s Chicago Casino. The project, known as Onni Shapes, will encompass over 5 acres of prime real estate in the heart of Chicago’s bustling Near North Side neighborhood.
The development will feature a mix of residential, retail, and office space, as well as a hotel and public park. The centerpiece of the project will be a striking 60-story skyscraper that will serve as the focal point of the new development. The tower will house luxury condominiums, state-of-the-art office space, and a rooftop restaurant with sweeping views of the city skyline.
In addition to the high-rise tower, Onni Shapes will also include several mid-rise buildings with a mix of residential and retail space. The project will boast over 700 residential units, ranging from studios to penthouse suites, as well as over 300,000 square feet of retail and dining space.
The development will also feature a 200-room luxury hotel, which will cater to both business travelers and tourists visiting the nearby casino. The hotel will offer top-of-the-line amenities, including a spa, fitness center, and rooftop pool with cabanas and stunning views of Lake Michigan.
One of the most unique aspects of the project is the public park that will be built as part of the development. The park will feature green space, walking paths, and outdoor seating areas, providing a peaceful oasis in the midst of the bustling city.
Onni Group has already begun the initial planning and design phases of the project, with construction expected to begin within the next year. The development is slated to be completed in three phases, with the first phase expected to be complete within the next three years.
The Onni Shapes project represents a significant investment in the Chicago real estate market and is expected to bring hundreds of jobs to the area during both the construction and operational phases. The development is also expected to inject new life and vitality into the neighborhood, attracting residents and visitors alike to this vibrant area of the city.
With its prime location, stunning design, and impressive amenities, Onni Shapes is poised to become a signature development in the Chicago skyline and a destination in its own right. As work on the project progresses, all eyes will be on Onni Group and its ambitious vision for this transformative development near Bally’s Chicago Casino site.
