The Real Deal Chicago

Here are Chicago’s Top 10 construction permits issued in June

The projects include four schools, a city fleet facility in Englewood and Sterling Bay’s latest Fulton Market venture
By Alex Nitkin |
Research by Laura Hanrahan
July 02, 2018 03:00PM

333 N Green Street, 355 E Wacker Drive, 333 S Wabash Ave, and 5555 N Sheridan Road

Sterling Bay’s latest project in Fulton Market, the first of three office towers planned for the intersection of Green and Wayman streets, tops the city’s list of the priciest building permits issued in June.

The 19-story building leads a diverse list of public and private developments, including four school facilities set for new construction or renovations in different parts of the city during the next year.

Here are the top 10 priciest projects to win city approval in June, based on information gathered from city building permit records.

1. 333 North Green Street | $100 million

Sterling Bay’s 555,000-square-foot office tower is the first in a round of new office projects the company has planned for the West Loop’s Fulton Market District. Across the street, the prolific developer has proposed a 20-story tower at 330 North Green Street and a 21-story complex at 360 North Green Street. Sterling Bay bought the 330 North Green and 333 North Green properties, formerly part of the Coyne College, for a combined $25 million in 2016.

2. 355 East Wacker Drive | $58 million

Designed by bKL Architecture, the 13-story GEMS World Academy is set to accommodate 1,440 middle and high school students in Lakeshore East by the time it finishes late next year. The Dubai-based private school operator has planned a two-story library, a 500-seat auditorium and a rooftop deck in full view of the Vista Tower next door.

3. 210 West 69th Street | $24 million

The city broke ground in the spring on a new headquarters for its Department of Fleet and Facilities Management, which will house hundreds of snow plows, street sweepers and emergency vehicles next to a new two-story office space in the Englewood neighborhood on the South Side. It’s one of three new facilities planned with architect AECOM since the city sold the department’s 18-acre North Branch site to Sterling Bay for nearly $105 million.

4. 333 South Wabash Avenue | $21 million

The John Buck Company is renovating more than half the floors of its 45-story Loop tower, formerly known as the CNA Building, now that its namesake tenant has moved to John Buck’s newer building in the West Loop. More than 750,000 square feet of office space are now being advertised in the tower, also nicknamed “Big Red” for its bright accent on the downtown skyline.

5. 5555 North Sheridan Road | $17 million

Developer Joseph Ferrario is shelling out for renovations to Edgewater’s iconic pink 19-story co-op building at Bryn Mawr Avenue and Lake Shore Drive. Architect Pappageorge Haymes Partners and contractor Bulley & Andrews plan to replace much of the building’s plumbing.

6. 6220 South Stony Island Avenue | $15.25 million

Chicago Public Schools plans a structural overhaul of Hyde Park Academy High School, with masonry reconstruction, new windows and repairs to the building’s plumbing, ventilation and electrical systems.

7. 5051 South Kenneth Avenue | $12 million

CPS also is making renovations, including replacing part of the roof, at Palmer Elementary School in the Mayfair neighborhood on the Northwest Side.

8. (tie) 2845 West Belden Avenue | $10 million

The Inland Development Group got the go-ahead for its 100-unit apartment complex next to the California CTA Blue Line station in Logan Square. The Oak Brook-based developer is planning to lease the homes starting next year for rents around $3 per square foot.

8. (tie) 11601 West Touhy Avenue | $10 million

Architect Ghafari is designing a single-story facility for United Airlines at O’Hare Airport. [https://therealdeal.com/chicago/tag/ohare-airport/] Earlier this year, airlines and city leaders announced an $8.5 billion deal to revamp and expand the capacity of the nation’s second-busiest airport.

10. 4200 West 115th Street | $9.5 million

Marist High School is converting a little-used monastery at the coed Catholic high school in Mount Greenwood on the far Southwest Side into science labs and a 1,700-square-foot planetarium.