http://www.chicagobusiness.com/reale...r-goose-island
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1,000 apartments for Goose Island?
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March 15, 2018
1,000 apartments for Goose Island?
By DANNY ECKER
The Greyhound maintenance facility site, outlined in red, includes nearly 8 acres on the southern tip of Goose Island
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Goose Island could get its first-ever residential development if a Canadian developer has its way with a high-profile site in the heart of the North Branch Industrial Corridor.
Onni Group is lining up a deal to buy an eight-acre maintenance facility site from bus company Greyhound on the southern tip of Goose Island, according to multiple sources.
The agreement still could fall apart, and a spokesman for Onni and Greyhound's broker declined to comment. But one source familiar with the prospective buyer's vision said Onni is mulling building as many as 1,000 residential units on land known for its long industrial history.
If that plan came to fruition, it could provide momentum for further mixed-use development in an area poised to become a hub of office, retail and entertainment uses.
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One key to the site's value is that it's zoned differently from the rest of Goose Island. The site has comparable zoning as the Tribune Media-owned site across the river from it at 700 W. Chicago Ave., where developer John O'Donnell plans a four-tower complex that includes three office buildings and one residential.
Onni would still need zoning and City Council approval to pursue a residential development on the site.
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