The Chicago City Council has approved the conversion of the office building at 500 N Michigan Avenue on the Magnificent Mile. Announced earlier this year, the proposal has sailed through all of its necessary approvals recently and will join various other conversions downtown. The project is being led by Connecticut based Commonwealth Development Partners with GREC Architects.
The Chicago Plan Commission has approved the residential conversion of the office building at 500 N Michigan Avenue on the Magnificent Mile. Located just north of the famed Wrigley Building, the once packed office building has almost cleared the final hurdle towards its conversion. Developer Commonwealth Development Partners now needs approval from the City Council prior to moving forward.
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.
Renovation work is well underway and approaching completion at the base of 500 N Michigan Avenue, which is located along Magnificent Mile, aka Michigan Avenue, just north of the river. Skidmore Owings & Merrill originally designed this 24-story modernist structure, completed in 1968.