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Chicago & Midwest  + Downtown  + Apartments  | 

Newcastle Plans Two Near North Resi Towers

Newcastle Ltd. wants to build 470 residential units on two Near North Side sites, including a 39-story tower that would replace one of the last remaining Barnes & Noble bookstores in the city, the Chicago Tribune reported.

The locally-based developer plans to unveil details of the two projects in an April 10 community meeting, according to an email that Ald. Brian Hopkins sent to constituents last week.

For the larger of the two projects, Newcastle will seek zoning approval to build a 39-story, 368-unit tower at 1120 to 1130 N. State St., according to Hopkins. It would include 158 parking spaces above ground-floor retail.

About a block north, at 1200 to 1206 N. State, Newcastle intends to construct an 11-story, 102-unit building. That building would have 31 parking spaces above a retail space on the ground floor, which would include a high-end restaurant, the Tribune reported.

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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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