The Chicago City Council has approved the mixed-use development at 455 N Carpenter Street in West Town. Sitting just north of the West Loop along Grand Avenue, the proposal would replace a pair of existing buildings. Local-developer Range Group is leading the project with HPA working on its design.
Sterling Bay is seeking a financial partner for the Lincoln Yards megadevelopment and is planning to sell land adjacent to the 53-acre site to meet debt repayment deadlines. CBRE has been hired to sell properties at three locations,1907 N Mendell Street, 1901 N Elston Street and 1500 W Cortland Avenue, which were initially part of the $6 billion mixed-use project. Amid financial difficulties, Sterling Bay has been selling properties, including an industrial property sold last year for $4 million, Crain’s Chicago Reported.
The City of Chicago has issued a new construction permit for a 4-story, 4-unit residential building located at 1920 South Damen Avenue in Pilsen. The permit, issued on April 17, 2024, was processed through the…
The Chicago City Council has sanctioned a $25 million bond for The Ave, a multi-family housing project. The Ave, which won the Chicago Ave Invest South/West RFP site in late 2021, will be situated at 3601 W. Chicago, replacing the existing Neighborhood Housing Services office and a city-owned commercial building. The project, led by KMW Communities, POAH, and CEC, will be a four-story structure housing 52 affordable apartments, a Neighborhood Housing Services space, an innovation center, 16,000 square feet of retail space, and a ground-floor parking area for 32 vehicles.
The Chicago Plan Commission has approved the office to residential conversion of 1040 W Huron Street in River West. Sitting near the six-corner intersection at the heart of the neighborhood, details for the project were revealed earlier this year. The proposal is being led by the building’s current owner and local developer Tandem Construction.
