25-Story Residential Tower Proposed For City-Owned Site Near Harold Washington Library

The $162.2 million project from DL3 Realty would include 300 mixed-income units and improvements to nearby Pritzker Park.

Published on Feb. 22, 2026

Got story updates? Submit your updates here. ›

The Chicago Department of Planning and Development has selected DL3 Realty's $162.2 million proposal to build a 25-story, mixed-use tower with 300 residential units, ground-floor retail, restaurant and coworking space on a city-owned site near the Harold Washington Library. The project also includes $1.5 million in improvements to nearby Pritzker Park.

Why it matters

This development aligns with the city's goals to revitalize the southern part of the State Street corridor with new public-private investments and provide more mixed-income housing near transit. The elimination of parking minimums for projects near public transit also allows the developer to reduce the number of parking spots included.

The details

DL3 Realty's proposed "ACōDA" development would include 300 mixed-income residential units, with 20% designated as affordable housing. The project would also feature ground-floor retail, restaurant and coworking space. In addition, DL3 plans to spend $1.5 million on improvements to nearby Pritzker Park, including a new performance space, better lighting and public art.

  • The city selected DL3 Realty's proposal on February 18, 2026.
  • The site previously housed a city-owned parking garage and alley.

The players

DL3 Realty

The real estate development firm that proposed the $162.2 million, 25-story mixed-use tower project.

Ciere Boatright

The City of Chicago's planning and development commissioner, who stated the project aligns with the city's goals to revitalize the southern part of the State Street corridor.

Lamont Robinson

The 4th Ward alderman, whose backing would likely help the proposal receive approval from the City Council's zoning committee and full council.

Got photos? Submit your photos here. ›

What they’re saying

“In addition to bringing 300 mixed-income units to a key transit node downtown, the project aligns with Central Area Plan strategies to revitalize the southern part of the State Street shopping corridor with new public-private investments.”

— Ciere Boatright, Planning and Development Commissioner, City of Chicago (Block Club Chicago)

What’s next

With the backing of Alderman Lamont Robinson, the proposal would likely receive the approval it needs to move forward from City Council's zoning committee and full council.

The takeaway

This development represents the city's efforts to spur new mixed-income housing and commercial investment near public transit hubs, while also making improvements to nearby public spaces like Pritzker Park. The project's reduced parking requirements highlight how the city is adapting its policies to encourage transit-oriented development.