New details have been revealed for the groundbreaking of the mixed-use development at 1245 W Fulton Market Street in the West Loop. Located on the intersection with N Elizabeth Street, the new structure replaces a group of empty lots and snakes around an existing art gallery that will remain. West Loop stalwarts Sterling Bay have teamed up with Colorado-based Ascentris, the same team as 160 N Morgan Street, to co-develop the property being designed by local firm Hartshorne Plunkard Architecture.
With its masonry walls now complete, the two-story 113 E Oak Street is currently awaiting window installation near Magnificent Mile in Near North Side. This 5,050-square-foot retail structure developed by 113 E Oak Street LLC will be equally divided in space between the two floors.
Both interior and exterior renovations are taking shape for Fulton Market’s old Pennsylvania Railroad Terminal Building, located at 375 N Morgan Street in Fulton Market district. Developed in partnership between Guinness and Fred Latsko, the structure is being converted into the beer maker’s second US location, which will feature a 10-barrel brewery, a pub, and a restaurant.
Initial details have been revealed for a new mixed-use development at 535 N St. Clair Street in Streeterville. Located on the northeast corner with E Grand Avenue, the new structure will replace a three-story 255-space parking garage adjacent to some low-rise commercial and mid-rise residential buildings. Developer Mavrek Development is working with local architecture firm NORR on the design of the mid-rise that will bring new life to an often overlooked intersection.
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.