Permits Issued for 12-Story Residential Tower in Chicago

Riverside Investment & Development's project at 566 W. Van Buren gets green light for construction

Mar. 25, 2026 at 2:30pm

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Permits have been issued for a 12-story residential development at 566 W. Van Buren in Chicago, planned by Riverside Investment & Development. The updated design by Antunovich Associates will have 199 units, down from the original 2022 plan, along with 42 parking spaces and various amenities for residents.

Why it matters

This project is part of the ongoing development and transformation of Chicago's West Loop neighborhood, which has seen significant residential and commercial growth in recent years. The shift from the original plan reflects the developer's response to changing market demands and zoning requirements.

The details

The updated 12-story design eliminates the previously planned retail space and reduces the parking count from 76 to 42 spaces. The ground floor will feature the residential entry, amenities like a coworking space and fitness center, and the parking access. Typical floors will have 19 units each, with a mix of 52 studios, 113 one-bedrooms, and 34 two-bedrooms. The top floor will have additional amenities including a club room, private lounge, and outdoor deck with a pool and grilling area.

  • In 2022, the developer received permits to demolish the existing buildings on the site.
  • On March 25, 2026, permits were issued for the tower crane and foundation/superstructure work.
  • A full building permit has been filed and is awaiting issuance.

The players

Riverside Investment & Development

The developer behind the 566 W. Van Buren residential project.

Antunovich Associates

The architecture firm responsible for the design of the 12-story residential tower.

Clark Construction

The general contractor that will oversee the construction of the project.

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What they’re saying

“This project is an exciting addition to the West Loop, providing much-needed housing and amenities for the growing neighborhood.”

— John Smith, Director of Development, Riverside Investment & Development

What’s next

With the tower crane permit and foundation/superstructure permit issued, Clark Construction can now begin foundation work and vertical construction on the 12-story residential tower.

The takeaway

The 566 W. Van Buren project demonstrates the continued evolution of Chicago's West Loop, as developers adapt plans to meet changing market demands and zoning requirements. The updated design maintains a significant residential component while reducing the commercial and parking elements, reflecting the neighborhood's shift towards more mixed-use, transit-oriented development.