IN DISTRICT
IN teraction Sq. enjoying lunch time between the food market and the river
view @
INdustry INnovation INtegration A MIXED-USE DISTRICT THAT RESULTS IN CREATIVE INTERACTIONS
1
2 3 4
5
8
13
18
INtercontinental Hotel The INtercontinental is a boutique hotel that has a banquet hall and conference center inside.
INtertainment Hub INtertainment hub is the site of a large sound stage with adjacent production offices.
INnovation Hub is comprised of start-up incubators, shared workshops and shared offices.
INdustry Plaza INdustry Plaza holds artisinal and farmer’s markets within the rennovated warehouse. The large plaza area is used as an exhibition space .
TRANSIT CIRCULATION
ROAD CIRCULATION
Outdoor PM
Family Do It Yourself Weekly Workshop
Indoor Daily
STEM Kids Chicago Monthly Workshop
Late Night Mexican Music Party
Folk Punk Night
Robot Making at the Lab
Community Meeting at the Innovation Square Indie Movie Making Month
OPEN SPACE PLAN
North Throop Ave connects from Finkl Site to North Ave 5 Minute Wa lk
Education Cluster The Education Cluster is the site of DePaul’s Cinematic Art Production Studios an Kendall College’s Culinary Labs
19
73 Bus Line
16
New Pedestrian and Bike Bridges Cross the River
17 15
N
20
Industry Sq.
Red Line
Innovation Sq. Interaction Sq.
72 Bus Line
IN IN dustry Sq. view during evening make-it/shake-it exhibition Commuter Rail
0
50
100
1
606 Bloomingdale Trail Extension
6
Innovation Square
11
River Front Strip
16
Future Commercial Block
2
North Throop Ave Bridge
7
Industry Square
12
River Front Trail
17
Urban Home Depot
3
Water Taxi Stop
8
Innovation Center
13
Interaction Square
18
Water Recreation Dock
4
Mixed Use Live Work
9
Market
14
Bike Share Station
19
Commercial Strip
5
Pedestrian Bridge
10
Community Center
15
Sound Stage / Media Center
20
Hotel
PHASE I 2019 INcreasing current Industry
PHASE II 2020-2022 INtroducing Innovation
PHASE III 2022-2025 INvesting on the individual
200
PHASE IV 2025-2028 INtegrating living spaces & Nightlife
Train Line Bus Line Water Taxi
IN dusTrail view along riverfront Full Buildout Development Program Total Program Midscale
Condos 8%
Upscale 7% Parking
Hotel
Apartments Condominiums Offices Incubators Vocational Education Light Industry & Workshops Retail Food Market Hotel Parking Landscape Roads Bridges Total Buildout
176272
HIGHLIGHTS
Market rate hotel includes spaces for professional internships and conventions.
37,668
145,256 14,432 6,180 203,536 SF
Light industry warehouses connect the new development to the existing texture. Pedestrian bridge and riverfront landscape integrate the river east and west.
Apartments Condominiums Offices Incubators Vocational Education Light Industry & Workshops Retail Food Market Hotel Parking Landscape Roads Bridges
Total Buildout
HIGHLIGHTS 122,173 116,510 92,975 119,832 83,614 95,879
89,041 7,140 6,180 733,345 SF
Incubators, shared workshops and shared offices are developed to attract makers and innovators. Vocational education branch of DePaul and Kendall College are opened. Food market is opened in the rehabilitated warehouse. North Avenue is extended to allow future connection to Finkl Site. INdus-trail is developed to connect to the River Trail Master Plan.
Apartments Condominiums Offices Incubators Vocational Education Light Industry & Workshops Retail Food Market Hotel Parking Landscape Roads Bridges Total Buildout
59,818 54,299
61,121 125,422
5,355 7,140 348,206 SF
HIGHLIGHTS
Work-residential lofts & affordable housing are developed to attract students and start-ups. North Throop bridge is developed to connect to Finkl Site.
Apartments Condominiums Offices Incubators Vocational Education Light Industry & Workshops Retail Food Market Hotel Parking Landscape Roads Bridges Total Buildout
172,417 122184
HIGHLIGHTS
Different housing options are developed to allow living spaces and night-life.
9%
1,464,041 SF
15% 14%
4% 5%
Incubators
Vocational Education
Hotel
9%
10%
Food Market
15%
Current Site Value: $108,500 Projected Site Value: $942,674,525
$800M
$600M
Asset Value $942,674,525
Unleveraged IRR: 13.8% Leveraged IRR: 43.3%
Development Costs $481,506,080
$200M
43,629 2018
343,390 SF
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
Green Roofs
13%
43%
8% Public Infrastructure $39,300,018
$26,208,366
Public Infrastructure Demolition & Remediation
Building $207,535,873
49%
Loan $302,975,986
$1000M
Retail
21%
Land Acquisition $234,606,150
63%
Retail
Light Industry & Workshops
$400M
5,160
Vocational Education
Light Industry & Workshops
14%
16%
Equity $99,585,193
$481,442,080
Uses
Incubators
6%
7%
Subsidies $78,880,903
Offices 8%
7%
$481,442,080
Sources
Work-Res Lofts & Affordable
Condos
7% Parking
6%
7%
1,464,041 SF
8%
Upscale
Offices
10%
Food Market
Midscale
8%
7%
5
Total Program
Work-Res Lofts & Affordable
4% 5%
view @
Street Extensions
6,000
19% 9%
31% 25%
Jobs Created
Pedestrian Bridges 3% Vehicular Bridge .5% River Taxi Station
Landscape
3,000
People Living
New Water Taxi Route New Water Taxi Stop
Existing Roads Existing Bike Lanes Existing Bike Share Location
New Roads New Bike Lanes New Bike Share Location
view @
Primary Open Space Secondary Open Space
7
Green Streetscapes Green Landscape
Urban Gardening Festival
INdusTrail Morning Walk
IN Code Fair
Kayak Festival
Open-Air Movie Screening
DEC
New-Years Outdoor Market
INDOOR ENVIRONMENTAL QUALITY
NOV
DePaul Graduation After party
MATERIAL RESOURCES
IN Night Farmers Market
OCT
Kendall Year Beginning Fair at the Market
ENERGY AND ATMOSPHERE
Start-Up Brunch at the Incubator
Morning Tai-Chi Home Depot Makers Fair
WATER EFFICIENCY
Yoga IN the Square
SEP
Chicago Fringe Festival
SUSTAINABLE SITES
Sunday Raw Food Shopping at the Market
AUG
New Women’s Music Festival at Industry Sq.
NOON
LOCATION AND TRANSPORTATION
INnovation Hub
Mixed-Use The Mixed-use area consists of apartments, live-work spaces, offices retail and small workshops
13 PTS
Mateo is a metal fabricator who has a workshop at Innovation Hub and lives in the mixed-use apartments nearby.
14 5
11 PTS
JULY
Startup Idea Sharing
9
Alex studies culinary arts at Kendall college and attends classes at the Education Center. She works part-time as a chef at the Intercontinental Hotel.
19 PTS
Break It, Make It, Shake It Fair
6
Isabelle is a production manager with an office at INtertainment Hub and teaches classes at the production studio in the Education Center.
Brenda, Luiz and Maya are founders of a new techstart-up. They rent office spaces at Innovation Hub and deliver demonstrations at Industry Plaza exhibition events
7 PTS
INteractive INstallation Workshop
JUNE
Chicago DIY Family Festival
Josh is an artisan blacksmith who rents a shared workshop space at Innovation Hub and regularly vends at the Industry Plaza market on the weekends. The family lives in the Mixed Use Housing so that he can be nearby.
10 PTS
Morning Green Tea
DePaul Finals Festival
12 PTS
12
MAY
INteractive INstallation Exhibition
Mateo
APRIL
Flower Farmers
Alex
MARCH
INcubator Hackthon
Isabelle
FEB
Chicago Restaurant Week
Brendan, Luiz and Maya
Josh, Uma and Lily
JAN
AM
Science Museum at the IN
10
7 Buildings Certified
Storytelling Festival
7
INside the Activities
River Trail Marathon
LEED VOLUME PROGRAM : GOLD CERTIFIED
11