Final facade work is approaching the finish line for the condominium conversion of Chicago’s iconic Tribune Tower, located at 435 N Michigan Avenue along the southern end of Magnificent Mile. The 462-foot-tall neo-Gothic tower was purchased by CIM Group and Golub & Company in 2018 as the namesake Chicago Tribune newspaper moved its headquarters to One Prudential Plaza.
Yesterday, owners of the Prairie Shores apartments celebrated the groundbreaking of a new two-story resident clubhouse in Bronzeville. Spearheaded by Chicago-based firms Golub & Company and Farpoint Development alongside Goldman Sachs Urban Investment Group, the 17,510-square-foot structure will be nested between the 2901 and 2951 towers along Martin Luther King Drive. The five-tower Prairie Shores complex was purchased in 2019 and is undergoing a multi-phase renovation of its existing 1,675 residences, common spaces, and landscaping.
The historic “Chicago Tribune” sign has been reinstalled at the rapidly progressing Tribune Tower Residences in Magnificent Mile. Previously occupied by the Chicago Tribune since its initial construction in 1925, the 34-story landmark was sold in 2018 upon the publication’s relocation to One Prudential Plaza. Co-developers CIM Group and Golub & Company are now converting the Gothic Revival icon at 435 N Michigan Avenue to house 162 condominiums alongside retail at the base and a swath of residential amenities.
Construction permits have been issued for a new two-story clubhouse building, with an address of 2937 S Martin Luther King Drive in Douglas. The project will integrate with the existing five-tower Prairie Shores apartment development, originally built between 1957 and 1961 and purchased in 2019 by Golub & Company and Farpoint Development.
Construction has been completed on the renovation of 150 apartments at Prairie Shores at 2801-3001 S Martin Luther King Drive. Located on a 20-acre site in Bronzeville, the five-tower complex spans from E 28th Street to E 31st Street. Developed from 1957 to 1961, the project was purchased in 2019 by developers Golub & Company and Farpoint Development.
