Structural work has reached the fourth floor for 949 W Dakin Street, a seven-story mixed-use project planned by Draper & Kramer and located in Lake View. Programming will consist of 13,000 square feet of commercial space at ground level, divided into 1,300- and 2,200-square-foot units. The six upper floors will house a total of 120 apartments, 108 of which will be single bedrooms and the remaining 12 as two-bedrooms.
Photos show continued work at 226 W Jackson Boulevard in The Loop, the site of Phoenix Development Partners‘ planned conversion of a 15-story office building into a space for two Hilton hotels. The original 1904 limestone and terra cotta structure was designed by Frost & Granger, and housed offices for both the North Western Railway and City Colleges of Chicago up until its re-designation. As part of the conversion, the developer agreed to rehabilitate the exterior walls of the landmarked buildings in exchange for Class L tax incentives.
Core construction has nearly reached its full height for the seven-story mixed-use development at 949 W Dakin Street, located near the northeast corner of Lake View. The developer Draper and Kramer has planned 13,000 square feet of ground-level retail space, with 120 residential units above.
Construction is making headway at The Loop‘s 226 W Jackson Street. Owner Phoenix Development Partners is converting the 15-story office building into a hotel.
Work is currently underway on the conversion of the historic 15-story office tower at 226 W Jackson Boulevard in The Loop. The building is the former headquarters of Chicago & North Western Railway and most recently was the headquarters building for City Colleges of Chicago. Located at the northeast corner of W Jackson Boulevard and S Franklin Street, the edifice is across the street from the Willis Tower, formerly Sears Tower. Phoenix Development Partners is in charge of this development, with an estimated development cost of $136 million, which includes the property acquisition cost of $32.7 million.
