Details have been revealed for the residential conversion of the office building at 500 N Michigan Avenue on the Magnificent Mile. Sitting on the intersection with E Illinois Street and across from the famed Intercontinental Chicago, the mostly vacant structure is going to be redeveloped by Commonwealth Development Partners who just submitted a zoning application.
Additional financing has been approved for the affordable housing development at 2136 S Ashland Avenue in the Lower West Side. Set to replace a vacant lot across the street from Benito Juarez High School, the project has received approval from the Community Development Commission for $23 million in TIF funds. Developer The Resurrection Project is behind the project dubbed Casa Yucatan.
A permit application has been submitted for the first of three towers at 370 N Morgan Street in Fulton Market. Located on the intersection with W Kinzie Street, the multi-phase project has been in development since 2022 and appears to be moving forward as interest rates soften. Developer Vista Property Group had received all of the necessary city approvals last year already.
Further details have been revealed for the mixed-use development coming at 4920 W Irving Park Road in the Six Corners area of Portage Park. Sitting on the corner with N Laporte Avenue, the proposal would replace a now vacant lot and two-story commercial building housing Las Tablas Colombian Steak House. Whose owner Soraya Campos is developing the project.
New plans have been revealed for the multi-phase development at 1325 W Fulton Street within Fulton Market District. The block long site currently sits empty and has been in the hands of developer Sterling Bay since 2017. Now after a change in the market, the property will shift from offices to a multi-phase residential development in collaboration with Sulo Development.
