An existing retail structure at 431 N Dearborn Street is currently undergoing extensive interior and exterior renovation work, with new windows having now been installed. Built in 1948, this two-story River North building owned by Friedman Companies long served as the Getschow Company’s engineering headquarters. Most recently, it housed Ruth’s Chris Steakhouse, which closed the location in 2020. The Group is leading the current revamp, which will consist of two new restaurants.
The Illinois Gaming Board has approved the permanent operating license for Bally’s future casino at 777 W Chicago Avenue in River West. The approval came this week after a lengthy review period, also granting the temporary location within the Medinah Temple its requested extension to 2026. The efforts were led by Rhode-Island based Bally’s who worked with various architects on both of the properties.
Exterior construction has wrapped up for Hugo, a two-building development in the River North neighborhood. These mixed-use structures, located close to each other, represent the latest ventures from developer LG Group. Collectively, the buildings will span a floor area of almost 149,304 square feet. Once finished, they will offer a combined 227 rental apartments. The 751 N Hudson Avenue building will yield 134 units, while its counterpart at 411 W Chicago Avenue will house 93 units. A noteworthy addition to this development is approximately 18,867 square feet of ground-level retail space. An existing two-story building not part of the development is situated between the two main structures.
The 16-story mixed-use structure at 311 West Huron Street in River North is nearing facade completion. Developed by North Wells Capital, the 226-foot building primarily offers office spaces, with the ground floor designated for retail establishments. Spins has secured the top four office floors with an $88 million lease agreement.
A demolition permit has been issued for the site at 126 W Grand Avenue in River North. The two-story masonry mixed-use building will be removed, having formerly housed a Rosati’s and office space above. According to a listing by @properties, the 4,300-square-foot building was being sold for $5.7 million. The listing also mentioned that four city lots were being sold at 122-128 W Grand Avenue, suggesting a possible larger development that may arise. However, it is unknown if the owner, BLJ Grand Holdings, has purchased the other three lots.