Construction permits have been issued for a new two-story clubhouse building, with an address of 2937 S Martin Luther King Drive in Douglas. The project will integrate with the existing five-tower Prairie Shores apartment development, originally built between 1957 and 1961 and purchased in 2019 by Golub & Company and Farpoint Development.
Construction has been completed on the renovation of 150 apartments at Prairie Shores at 2801-3001 S Martin Luther King Drive. Located on a 20-acre site in Bronzeville, the five-tower complex spans from E 28th Street to E 31st Street. Developed from 1957 to 1961, the project was purchased in 2019 by developers Golub & Company and Farpoint Development.
Construction is approaching completion for the condominium and retail conversion of the landmarked 34-story Tribune Tower, located at 435 N Michigan Avenue along Magnificent Mile. CIM Group and Golub & Company have planned the renovation of the tower, built in 1925 in the Gothic Revival style. The Chicago Tribune occupied the building up until it relocated to One Prudential Plaza in 2018. The new plans for the tower include 47,500 square feet of retail in the base, 162 condominiums, and 55,000 square feet of amenities.
The Tribune East Tower, the recently approved supertall expected to rise 1,422 feet, takes the number one spot in YIMBY’s countdown as Chicago’s tallest development. Poised to become Chicago’s second tallest building, Tribune East is part of the Tribune Tower redevelopment project, which includes the conversion of the original Tribune Tower into 162 condominium units. Developers CIM Group and Golub & Company are leading the development of the $700 million structure that will replace a surface parking lot originally used by Chicago Tribune employees.
At number 17 in YIMBY’s end-of-year development countdown, the residential and retail conversion of the 34-story Tribune Tower is nearing completion along Magnificent Mile.
