A 41-story Chicago Loop building facing foreclosure has the opportunity for apartment conversion. The Chicago office of CBRE has been hired to list more than 30 floors of the Clark Adams building located at 105 West Adams Street in the Loop. Owned by Blackstone and local developer Musa Tadros, the brokerage is advertising prospects for it to become apartments.
Facade brickwork continues along the new seven-story West Loop condominium building known as CA6. This 72-unit building by Belgravia Group is located at 311 S Racine Avenue, and represents the developer’s sixth installation to the West Loop area.
The Chicago City Council has approved a residential development at 4137-4139 N Western Avenue in North Center. Located just north of the intersection with W Irving Park Road, the new structure would replace two existing three-story mixed-use buildings, one of which houses the developers office on the ground floor. Developer 4137 Western LLC, a product of the Khan Group, is behind the project and will be relocating their custom homes business out of the current property.
A permit was issued last week for the deconversion of a three-unit residential building located at 1132 N Winchester Avenue in West Town. The permit was issued to change a three dwelling-unit building into one with only two dwelling units. This is an interior renovation and will include a new third-floor frame addition, as well as a new rear porch, and new roofing. This building is owner-occupied by Sonya Sachdeva. There will not be a need for a zoning change.
Excavation and initial drilling is moving along for a new 18-story residential tower at 1044 W Van Buren Street, located just north of I-290 in West Loop. Developer Tandem has planned for 196 rental apartments atop ground-level retail. This new development will replace a formerly empty lot while also adding to an emerging high-rise cluster at the southern end of the neighborhood.