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Chicago & Midwest  + Downtown  + Apartments  | 

Draper and Kramer Picks Up River North Development Site

CBRE has arranged the sale of a 14,378-square-foot development site at 863 N Orleans St., also known as 330 W Chestnut, in Chicago’s River North neighborhood. BlitzLake, represented by CBRE’s Tom Svoboda, sold the property to Draper and Kramer for $4,180,000. 

863 N Orleans is a transit-oriented development site in a burgeoning part of the River North neighborhood. The site is adjacent to JDL’s mega-development North Union, and numerous projects along Chicago Avenue. Draper and Kramer is working on plans for a multifamily development on the site. 

“This entire north River North area is being transformed into a true mixed-use environment, creating better connectivity to the popular surrounding neighborhoods like Old Town and the Gold Coast,” said Svoboda. 

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CBRE's Svoboda

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).

  • ◦Sale/Acquisition
  • ◦Development
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