Ryan Companies, a national leader in commercial real estate services, announced last week that it has increased its Chicago presence and will be opening a new downtown office at 224 North Desplaines Street in the West Loop neighborhood. The location will be a total of 6,500 square feet and will accommodate a staff of approximately 35 full-time employees. The firm’s larger office in Westmont will continue to operate.
A potential groundbreaking date has been revealed for the residential towers at 400 N Lake Shore Drive in Streeterville. Located on the long vacant site of the failed Chicago Spire development, the two new towers would partially utilize the foundation hole left by the Spire and provide a cap to the Ogden Slip. Developer Related Midwest who is also behind The 78 near the South Loop is working with globally famous skyscraper firm Skidmore Owings & Merrill on the design, the firm responsible for a number of Chicago’s major skyscrapers.
This week, foundation permits were issued for an 18-story co-living development at 633 S LaSalle Street in South Loop‘s Printer’s Row District. The Collective, a London-based developer, is behind the 162,000-square-foot project, which will house 117 apartments with a total of 381 beds.
A permit was issued this week for a three-story residential building located at 2015 S Ruble Street in the Lower West Side neighborhood. The permit owner is listed as Teh Chan and plans indicate the construction of three total dwelling units with rear porches, and a rooftop deck on the building. Three parking spots will be available on a paved concrete pad. The planned structure will fill an empty lot.
Caisson drilling has begun for the 15-story condominium high rise known as Embry, located at 21 N May Street in West Loop. This residential project by Sulo Development will house a total of 58 for-sale units, ranging from two- to four-bedroom residences and spanning from 1,828 and 5,187 square feet. This 207-foot-tall edifice will replace an empty lot that once housed a two-story masonry building.