Tuesday, August 2, 2016

Riverline Project Slightly Delayed Due to Bond Process with City

A reader writes:
This email came through via Property Solutions via a fellow resident at my building, Paper Place Loftominiums at 801 S. Wells (across the street from River City):  
The Riverline project has been delayed because they are currently working through the Bond process in order to start the infrastructure. The timeline is dependent on the City process and is not something they can control. They hope and anticipate that work would start in first quarter or second quarter of next year (2017). In the meantime, they have been working with the Mayor’s Office regarding ground breaking for the first building which is anticipated to start in mid-September. The early earth work which was started in the spring was simply pot holing in order to make sure they did not run into any obstructions when first building.
As a reminder, back in late 2015 the Riverline masterplan project was announced and it's massive.  It originally consisted of 5 skyscrapers, 3 mid-rises and a variety of townhouses.

Hopefully they get this smoothed out and can start soon.

(Hat tip:  KD!)

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