Welcome to the Reader‘s morning briefing for Friday, May 26, 2017. Have a great holiday weekend!
Union Station will be transformed with $1 billion renovations
Riverside Investment & Development will lead a $1 billion renovation and redevelopment of Union Station and the area surrounding it, Mayor Rahm Emanuel and Amtrak CEO Wick Moorman announced Thursday. “We’ve had a great partnership [with Amtrak], because if you’re going to have a 21st-century economy, it needs to run on a 21st-century infrastructure,” Emanuel said during the announcement event. “And that’s what we’ve been working on for the last four years to get to this point.” Some of the changes include residential towers above the terminal, a new food hall, a proposed hotel, new retail space, two office towers, a separate residential and retail tower nearby, and more. The project will be completed in three phases over six years, with construction on the first phase starting in mid-2018. [Sun-Times]
