A bold new proposal has made its way through the city, with possible construction starting shortly. Situated at the intersection of 40th Street and Blake Street, 3930 Blake being the official address, this new 16-story building would be an impressive sight as there will never be development directly to the west due to the rail tracks.

Currently, it’s hard to speculate if this project is getting underway. The site is fenced off, and some construction equipment resides on the project site. Given there will be three underground levels for parking, excavation will be a good indicator that construction has begun. That, however, has yet to start. When we look at the permitting side, everything is ready to go. Within recent weeks, construction permits have been issued by the city for excavation, foundation, and superstructure. Overall, this is more promising than not.

Here are a few photos of the project site from yesterday afternoon.

According to the permits filed with the city, One River North is getting developed by R Cap Blake Street LLC, which has notable developers from projects like Forest City. Saunders Construction is the builder on record, with Davis Partnership Architects behind the design. Below is a full-resolution rendering of One River North pulled from the construction permit. We have never seen anything so unique and different proposed for River North. This design is bold, edgy, and just what the area needs.

In total, the 16-story building will provide River North with 193 apartment homes over 178 underground parking spaces. We will keep a close eye on this project and check back in if / when it breaks ground.