loader image

If at first: Onni Group seals deal to buy Goose Island Greyhound property

Onni Group President Rossano de Cotiis and Goose Island bus facility (Credit: Seth Anderson via Flickr)

Onni Group bought the site of a Greyhound bus maintenance building on Goose Island after a similar deal last year fell through, reportedly over the city’s affordable housing rules.

Onni paid $38 million for the eight-acre property, according to Crain’s. The Canadian developer originally had been looking to develop up to 1,000 residences on the site. A company executive declined to say what it plans to build there now, Crain’s reported.

The developer last year had a $50 million deal to buy the property on the 900 block of North Halsted Street, but it fell apart. The area is within a pilot zone where more affordable housing units are required of new developments.

The property is also across the river from where Tribune Media has city approval to build a 30-acre campus with up to 9 million square feet of homes, stores and offices on the site of its Freedom Center printing plant.

Greyhound in August inked a deal to buy property for a new bus maintenance facility in Canaryville, paying $5.3 million for vacant land at 3940 South Normal Avenue. [Crain’s]John O’Brien


Recommend0 recommendationsPublished in Real Estate

Share this story with your network.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print


Recent Stories

Del Marie: locked down, but not out

The rapper-dancer-performance poet rolls with the pandemic punches. 2020 started off so well. January and February were great months for 27-year-old rapper, dancer, and performance

Read More »

Speak with a local expert now.

Learn more about this recent happening by speaking with an agent.