EQT Exeter’s U.S. Multifamily team recently purchased Reserve Randall Road, a 380-unit development in West Dundee, Illinois in an off-market deal. Redwood Residential, which is a property management company that is fully integrated with EQT Exeter, will manage the property.
Permits were issued on Monday to construct a new three-story residential building located at 2653 N Orchard Street in Lincoln Park. Owenbrin LLC has been listed as the permit owner. The scope of work includes three total units and a three-car garage with a roof deck. Demolition permits were issued for this property site last summer.
In an increasingly heated saga over their ultimate fate, two historic Loop buildings targeted for demolition by the federal government have been cleared for review by the Commission on Chicago Landmarks. The process could lead to the landmarking of the two terracotta-clad structures, whose potential demise reflect “security concerns” over potential vantage points available looking into the adjacent Dirksen Federal Building. Designed by Holabird and Roche, the 16-story Century Building at 202 S State Street was completed in 1915, while the 21-story Consumers Building at 220 S State Street was designed by Jenney, Mundie, & Jensen and completed in 1913. Both are part of the National Register’s Loop Retail Historic District, but currently lack official city landmark designation that would parry any demolition efforts.
The Chicago City Council recently approved a rezoning bid for a new low-rise building to be located at 151 N Michigan Avenue in the Loop. The structure is located on a small site overlooking Millennium Park, at the intersection of W Randolph Street and N Michigan Avenue. BJB Partners are developing this new building that will replace a vacant lot, formerly occupied by a restaurant.
On Friday, a demolition permit was issued for a two-story multi-unit residence with a detached garage located at 3849 N Damen Avenue in the North Center neighborhood. The permit’s owners have been listed as 3851 N Damen LLC.