Renovations

Victor F. Lawson House

Affordable Renovation of Lawson House Progresses in Near North Side

Renovation work continues to take shape at the 24-story Victor F. Lawson House at 30 W Chicago Avenue in Near North Side. The Art Deco high rise was originally designed by Perkins, Chatten & Hammond and completed in 1931. Developer Holsten Real Estate will be deconverting the former YMCA from 538 single room occupancy units into 408 affordable apartments. In exchange for keeping all on-site units affordable until at least 2073, the project received both low income housing tax credits and $12.4 million in historic preservation tax credits. Holsten Real Estate has also received a $17.6 million loan from the city, a $79.4 million loan from Chase Bank, and a $17.2 million loan from the Illinois Housing Development Authority.

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Willis Tower (formerly Sears Tower)

$500 Million Willis Tower Makeover Reaches Completion

This week, EQ Office announced the completion of Willis Tower’s $500 million makeover spanning from its base to pinnacle. Bookending Chicago’s skyline in the southwest corner of The Loop, the 108-story Chicago icon has received extensive renovations to both its public and private spaces. A three-story podium known as Catalog has also been constructed, wrapping around all four sides of the skyscraper’s base.

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Rendering of 7412 W Irving Park Road

Photos Show Partial Demolition at Former Sears Department Store in Portage Park

Demolition work can be seen at the site of the former Sears department store, situated at 4712 W Irving Park Road in Portage Park. Under development by Novak Construction, this initial work will clear the way for a mixed-use transformation. Estimated to cost $90 million, this massive undertaking is another piece of a broader effort to enliven the six corners commercial node. Just across the street, work is progressing rapidly for a 10-story senior living and retail development known as Clarendale Six Corners.

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