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Mars Wrigley will build a new innovation center on Chicago's Goose Island, with construction slated for completion in 2023

Greyhound’s Goose Island Sale Goes Through

Onni Group has gone ahead with a deal that could transform the southern tip of Goose Island, Crain’s Chicago Business reported. The Vancouver, BC-based developer paid $38 million for a Greyhound bus maintenance facility, one of the highest-profile redevelopment sites along the Chicago River’s North Branch.

The original deal for the site from last March stalled this past October. Onni’s large-scale plans to build up to 1,000 apartments in this longtime industrial area ran up against Chicago’s recently-enacted affordable housing requirements, which increased the affordable component to 20% for certain gentrifying neighborhoods.

Greyhound originally sought $50 million for the eight-acre site at 901 and 904 N. Halsted St. when it put the property on the market in January 2017. Onni’s current plans for the site aren’t immediately clear; senior development manager Brian Brodeur didn’t specify those plans when confirming the site acquisition for Crain’s.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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