A new development at 932 W Randolph Street in the West Loop has been approved by the Commission on Chicago Landmarks. Located within Fulton-Randolph Market District, at the northwest corner of W Randolph Street and N Sangamon Street, the project is led by L3 Capital and will redevelop an existing three-story structure.
Permits have been issued for a three-story residential building at 6406 S Drexel Avenue in Woodlawn, several houses over from another development with the same developer, GA Roslyn LLC. While there are houses dividing the two sites, it is not clear if the developer plans to merge them into a single project or keep the sites separate but with similar designs.
Work is currently underway on the conversion of the historic 15-story office tower at 226 W Jackson Boulevard in The Loop. The building is the former headquarters of Chicago & North Western Railway and most recently was the headquarters building for City Colleges of Chicago. Located at the northeast corner of W Jackson Boulevard and S Franklin Street, the edifice is across the street from the Willis Tower, formerly Sears Tower. Phoenix Development Partners is in charge of this development, with an estimated development cost of $136 million, which includes the property acquisition cost of $32.7 million.