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.
Walsh Construction Company
Structural work is now above grade for a 30-story apartment building just north of Morgan & Randolph in West Loop’s Fulton Market District. Residing under the address 160 N Morgan Street, this development by Sterling Bay and Ascentris will be one of the tallest towers west of the Kennedy Expressway at a height of 350 feet. Programming will include 282 rental apartments atop two levels of retail within its podium.
Foundation work is progressing for Park Boulevard’s Phase 3B, comprised of two five-story residential buildings at 41 W 36th Street in Bronzeville. Replacing the former Chicago Housing Authority Stateway Gardens housing projects, this larger masterplan developed by Stateway Associates LLC will ultimately yield 1,316 residential units across both townhomes and apartments. This phase in particular will yield 80 total units, divided evenly into 40 per building.
Foundation work is making quick headway for 160 N Morgan Street, a 30-story apartment building gearing up to rise in Fulton Market. At 350 feet, the tower will be one of the taller structures to rise as West Loop‘s development boom gains momentum. Developed in partnership between Sterling Bay and Ascentris, plans for the structure include 282 rental units, occupied by two levels of retail at its base.
The final steel pieces are being added to Salesforce Tower Chicago, rising 60 stories at 333 W Wolf Point Plaza in River North. This 850-foot-tall skyscraper is the final, and tallest, staple in Hines‘ three-part masterplan known as Wolf Point. With more than a third of its floor area anchored by the tech giant Salesforce, the 1.4 million-square-foot edifice will house primarily offices, below which will be retail and dining within its base.