The River North market is in dire need of additional parking spaces, with the construction of three major office buildings, along with other developments. The new projects have eliminated over 1,000 surface parking spots. The proposed new garage will be beneficial due to (1) its close proximity to the Loop, (2) its superior location on Clark Street, (3) its position adjacent to the new 523 room Springhill Suites/Residence Inn, (4) its location across the street from 353 N. Clark, an 1,150,000 square foot office building anchored by Mesirow Financial and Jenner & Block (5) the need in the River North neighborhood for additional nighttime parking for restaurants, attractions and entertainment.
Location
60 West Kinzie Street, Chicago, Illinois 60610
Completion Date
March 2009
Project Type
Mixed-Use: Parking and Retail
Description
River North Self Park is a joint venture managed by experienced Chicago developers, Albert Friedman, President and CEO of Friedman Properties, and Myron Warshauer, former President and Chairman Emeritus of Standard Parking. The garage will be located on the corner of Clark and Kinzie streets, adjacent to the new 523-room Marriott Residence Inn and SpringHill Suites and across the street from 353 N. Clark, a new 45-story, Class A office tower co-anchored by Mesirow Financial and Jenner & Block LLP. The garage will fulfill a significant need for new parking in the River North market and will add more than 14,000 square feet of retail space on the structure's ground level.
