208 S LaSalle Street

LaSalle Street Office Conversion Plans Advance for Four Developments

7:45 am on April 5, 2024 By Cooper Billingsley

On Wednesday, April 3rd, Mayor Brandon Johnson announced the selection of four developments for the LaSalle Street Reimagined initiative. These projects aim to rejuvenate the area by brining residents into the corridor after pandemic vacancies, utilizing $151.2 million in tax-increment financing funds. The office-to-residential developments will repurpose underused office buildings and adding over 1,000 new residential units, including at least 319 affordable units. Pending approval by the City Council, completion is slated for 2027 as reported by WTTW News.

Three Proposals Move Forward for LaSalle Reimagined Initiative in The Loop

7:45 am on March 29, 2023 By Jack Crawford

The Loop’s LaSalle Street is set to undergo a significant transformation, with the city announcing three winning proposals as part of the LaSalle Reimagined initiative. These mixed-use makeovers will receive $188 million in tax-increment financing (TIF) dollars and will add 1,059 apartments to the financial district, with 317 of them being affordable.

Part Two: Full Details Revealed For LaSalle Street Reimagined

7:45 am on March 11, 2023 By Ian Achong

Part two of this week’s announcement of the six finalists of the LaSalle Street Reimagined initiative in The Loop. In this article we will cover the final three bids vying for part of the city’s $196 million in funding for the program pulled from the LaSalle Central TIF District, part one covering the first three can be found here.

Six Finalists Announced For LaSalle Street Reimagined

7:45 am on February 21, 2023 By Ian Achong

Finalists have been announced for the city’s LaSalle Street Reimagined initiative in The Loop. Covering roughly six blocks of LaSalle Street bound by W Van Buren Street to the south, N Wells Street to the west, N Clark Street to the east, and W Washington Street to the north, the initiative looks to solve the area’s high vacancy issue caused by aging structures while addressing affordability. Thus the Department of Planning and Development along with the Department of Housing created the Request For Proposal (RFP).

Over 2,000 Units Proposed For LaSalle Street Reimagined In The Loop

7:30 am on January 1, 2023 By Ian Achong

To kick off the new year we will take a look at the proposals submitted for the city’s LaSalle Street Reimagined initiative in The Loop. Announced in fall 2022, the program looks to revitalize part of the once bustling financial center with rising vacancy rates as companies relocate to newer towers with modern amenities, leaving behind their historical structures. Led by the Department of Planning and Development along with the Department of Housing, applications were due on December 23rd for the area relatively bound by W Van Buren Street to the south, N Wells Street to the west, and N Clark Street to the east.

City Council Approves Class L Tax Incentive for 208 S LaSalle Street in The Loop

7:30 am on August 1, 2021 By Lukas Kugler

The Chicago City Council has approved the application for a Class L tax incentive for 208 S LaSalle Street in The Loop. Home to the Continental and Commercial National Bank Building, the site is located along S LaSalle Street, between W Adams Street and W Quincy Street. The Prime Group is the developer behind the application.

Landmarks Commission Approves Class L Tax Incentive for 208 S LaSalle Street in The Loop

7:30 am on February 13, 2021 By Lukas Kugler

The Commission on Chicago Landmarks (CCL) has approved the application for a Class L tax incentive for 208 S LaSalle Street in The Loop. Home to the Continental and Commercial National Bank Building, the site is located along S LaSalle Street, between W Adams Street and W Quincy Street. The Prime Group is the developer behind the application.

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208 S LaSalle Street

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