Chicago grants approvals to RIOS and Field Operations’ $7bn The 1901 Project

The City of Chicago has granted approvals to the new $7 billion RIOS and Field Operations-led redevelopment of spaces surrounding the United Center. The 1901 Project, which covers 55 acres will be conducted in two phases through 2040, adds a new 6,000-seat music hall, 233-key boutique hotel, mixed-used building, and 10-acre public park in its first half followed by more retail, hospitality, office spaces, and a large housing component in the second.

The first phase of construction is scheduled to begin this year with a $400 million budget and progress through the end of 2028.