Excavation has begun for a two-story retail addition at the site of Near North Side‘s 44 E Walton Street, directly north of the recently completed Brunello Cucinelli retail addition under the same address. Situated near the center of the Rush & Division commercial area, the entrance will be along Walton’s cross street at 939 N Rush Street.
Initial details have been revealed for the redevelopment of an existing commercial building at 900 N North Branch Street on Goose Island. Located just west of the intersection with N Halsted Street, the existing masonry-clad, industrial-style building most famously housed local culinary school Kendall College for many years and is now being pivoted as class A office space. Owner and developer W.P. Carey is working with Madison Rose on the project and are currently in the selection process for an architect to execute the renovations.
The famed Water Tower Place Mall at 835 N Michigan Avenue on the Magnificent Mile has been turned over to its lender. Located between E Chestnut Street and E Pearson Street just south of the John Hancock Tower, the retail location has occupied the full block site since the 1970’s. Most recently owned by New York-based Brookfield Properties who operate retail locations across the nation, the mall will now be in the hands of MetLife Investment Management which is a part of the insurance company.
The Chicago City Council has approved the rezoning for two new high-rises in Fulton Market. The projects are located on opposite ends of the district, with the residential-based 1353 W Fulton Street anchoring the west end of the growing area and 360 N Green Street continuing the string of commercial mixed-use properties along Green Street on the eastern end of the neighborhood. Both towers recently received Plan Commission approval as well.
The Chicago City Council has approved the rezoning for a potential commercial development at 401 S Wacker Drive in The Loop. The wedge-shaped lot is bound by W Van Buren Street on the north, S Franklin Street to the east, and W Ida B. Wells Drive to the south with the Chicago River being just west of the site. The property is currently improved with a large cooling plant and adjacent parking lot owned by Centrio Energy, who began serving the Chicago area in 1995 under their previous name Enwave.
