Retail

Groundbreaking Announced For 1245 W Fulton Market Street In West Loop

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.

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Initial Plans Revealed For Mixed-Use Development At 535 N St. Clair Street In Streeterville

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.

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Water Tower Place Changes Hands On Michigan Avenue

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.

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