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Riverside’s Union Station Plans About to Go Public

Riverside Investment & Development is reportedly about to go public with its plans to redevelop Chicago’s Union station and nearby Amtrak-owned property. The quasi-public passenger rail company named Riverside master developer on the project 13 months ago.

Crain’s Chicago Business reported that Riverside and a partner, Convexity Properties, plan to develop 404 apartments and 330 hotel rooms, as well as an office tower. According to the general outline Amtrak presented in announcing Riverside’s designation in May 2017, the project would be developed in three phases at a cost of about $1 billion, and would total 3.1 million square feet at final build-out.

“This will be a transformative project for the West Loop and the City,” Riverside CEO John O’Donnell said when the designation was announced. The development team will present its plans at a public meeting to be hosted by Alderman Brendan Reilly on June 25 at Union Station.


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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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