Remaining facade work is approaching completion for the new two-story amenity clubhouse at Prairie Shores, a five-building apartment complex in Bronzeville. Co-developers Golub & Company and Farpoint Development had purchased the complex in 2019 for $180 million, having partnered with Goldman Sachs Urban Investment Group. This acquisition kicked off a string of renovations throughout the property, including interior renovations of the 1,675 residences, landscaping improvements, and common area upgrades.
Golub & Company
Initial details have been revealed to the Committee on Design for a residential development at 301 S Green Street in the West Loop. Located on the south east corner W Jackson Boulevard, the new high rise will replace two low rise masonry commercial buildings and its parking lot. The team behind the building consist of co-developers GSP Development as well as GOLUB & Company with local architecture firm Goettsch Partners working on the design.
Tan brickwork can now be seen along the exterior walls of a new two-story amenity clubhouse at 2937 S Martin Luther King Drive, part of Bronzeville‘s Prairie Shores apartment complex. The co-developers of this project, Golub & Company and Farpoint Development, purchased the five-building Prairie Shores assemblage for $180 million in 2019 in partnership with Goldman Sachs Urban Investment Group.
The edifice’s story begins almost exactly 100 years ago, when The Chicago Tribune newspaper held a public competition to design its new headquarters. The key guideline was to design the “most beautiful office building” in the world, with over 260 submissions vying for that title and a first prize of $50,000 (roughly $800,000 in 2021). The winning entry was the Neo-Gothic design by New York-based Raymond Hood and John Mead Howells, whose dramatic Neo-Gothic design came to fruition with the tower’s completion in 1925. The Chicago Landmark would serve as the Tribune’s headquarters for another 93 years, up until its 2018 relocation to One Prudential Plaza. Upon the departure, the property was sold for $240 million to co-developers CIM Group and Golub & Company.
Structural work has reached full height for a new amenity clubhouse, located within the Prairie Shores apartment complex in Bronzeville. Nested between two of the apartment towers, the building will replace former surface parking and reside under the address 2937 S Martin Luther King Drive.