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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.
- ◦Sale/Acquisition
- ◦Development


