The renowned Jewelers Building at 35 E Wacker Drive in The Loop has been officially sold to two new owners. Sitting on the intersection with N Wabash Avenue along the Chicago River, the nearly 100-year-old structure could potentially see a partial conversion in the future. Its new owners are developers Prime Group and CRG according to Crain’s.
The City of Chicago has issued a new construction permit for Kensington School to build a new educational facility at 1220 West Adams Street in the West Loop. The permit, issued on August 26, calls for a three-story building with outdoor off-street parking; the number of spaces is not specified.
A new construction permit has been issued for a four-story, mixed-use building at 2248 West North Avenue in Wicker Park. The permit was issued on August 27, following a 91-day self-certification process that began on May 28.
Additional funding has been announced for the residential phase of the LeClaire Courts redevelopment at 4458 S Cicero Avenue in Garfield Ridge. Earlier this month we covered the project’s initial financing deal of $5.5 million in TIF, it has now received a large capital loan from the Chicago Housing Authority (CHA).
A residential development at 4907 North Paulina Street that came to light in February of this year received its new construction permit from the City of Chicago on August 27. Slated for construction is a four-story, 32-unit building from developer Hayes Properties and Dale Foster Architects. The permit, which was applied for in October of 2023, estimates construction costs at $3 million. Moments Notice Services has been hired to be the general contractor; their MNS banners hang on the construction fencing surrounding the property.
