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Chicago Developer Plans 76-Story, $700M MF Development

JDL Development is seeking to develop a 76-story, more than $700 million residential tower in Chicago’s River North district. The development would be one of the largest housing projects ever built in downtown Chicago, and at 1,011 feet the tower will be one of the tallest residential buildings in the city.

The proposed project would include nearly 900 apartments and condominiums at State and Superior streets, adjacent to Holy Name Cathedral. The two-tower project, which also includes a 45-story structure, would rise from a nine-floor base that’s planned to include a high-end fitness facility and spa, grocery store, restaurants and retail space.

The city Department of Planning and Development is reviewing a zoning change for such a big project, and the development proposal will be presented at an Oct. 24 community meeting.

JDL Development purchased the site in April from the Archdiocese of Chicago.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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