The Committee on Zoning has now approved the residential conversion of the historic Millinery Mart at 65 E Wacker Place in The Loop. Sitting right by the river and home to Morton’s The Steakhouse on its ground floor, efforts for the project are being led by local developer Mavrek Development.
A tower crane permit has been issued for the first phase of the mixed-use development at 400 N Elizabeth Street in Fulton Market. Sandwiched between N Ogden Avenue and W Kinzie Street, the permit comes quickly as the project was approved this summer after pivoting from a single life-sciences building to two residential towers.
The future of the mixed-use development at 1840 N Marcey Street in Lincoln Park remains murky as its zoning approval is differed again. Located just east of the future home of Lincoln Yards, the project would replace a large commercial building but preserve the curved tracks shaping the southern end of the site.
The Chicago City Council has approved the massive Illinois Quantum and Microelectronics Park on the South Side. Set to replace the long-vacant 400-acre former South Works site, the project is already attracting new investments as IBM has announced a new research center within the campus. With the complex expected to break ground early next year.
A potential groundbreaking date has been announced for the Congress Theater redevelopment in Logan Square. Located at 2135 N Milwaukee Avenue, the news comes as the Commission on Chicago Landmarks approves Class L tax incentives for the project. We last covered the project a year ago as it gained approval for TIF funds from the city.
