Announced today, a new development on the site of the Story Olds lot on Michigan Ave. 
and, "It will be nine floors, 667k sq ft and have 359 apartments along with commercial space. It says it will break ground this fall."
Also noted that it "will also feature indoor tennis, volleyball, and basketball courts." "The structure will back up against the Frandor Shopping Center and sit across the road from a planned development called the Red Cedar Renaissance."