Chicago Cheat Sheet: Belgravia to launch Triangle Square condo project… & more

Belgravia to launch Triangle Square with condos

Belgravia Group will start its $200 million Triangle Square project with a 66-unit condo building after winning city approval for the project last month. The condos will be part of a three-building project at Webster and Elston avenues in the North Branch Corridor where a change in city zoning has opened up properties to a variety of uses. A second building will contain 300 rentals and ground-floor retail, and the third building will have retail on the first floor and offices on the second. [Crain’s]

Hinsdale mansion with 8 bedrooms, 13½ baths sells for $3.5M

Town & Country Homes founder William Ryan and his wife, Mary, sold a 21,100-square-foot mansion in Hinsdale for $3.5 million last week. They first listed it two years ago for $6.7 million but dropped the price three times since. The 40-year-old mansion has 13½ baths, a reception hall, an indoor pool, a library, an elevator — and an annual property tax bill of more than $100,000. [Chicago Tribune]

River North currency exchange building sold, will be redeveloped

A one-story currency exchange and parking lot at Chicago Avenue and LaSalle Drive in River North were sold for $4.2 million to a developer who plans a mixed-use project with retail topped by residences.[Curbed]

Two more North Side condo deconversions approved

Owners of two North Side condo buildings approved bulk sales and deconversions totaling $9.2 million. The 28-unit building at 4715 North Malden Street in Uptown sold for $4.8 million, while the 18-unit building at 663 West Melrose Street sold for $4.4 million. Sam Haddadin and Justin Ross of CBRE represented the associations in the sales. [REJournals]

Protein Bar founder buys condo in LG Development project on Near West Side

Protein Bar founder Matt Matros and his wife paid $1.5 million for a three-bedroom condo on the eighth floor of LG Development’s new Illume building at 111 South Peoria Street on the Near West Side. Matros founded the healthy, fast-casual restaurant chain in 2009 and later sold part of his stake to a private equity group. [Chicago Tribune]

Food hall opening in Pullman retail center

Three entrepreneurs are opening a food hall in the 111th Street Gateway Retail Center in Pullman. The One Eleven Food Hall is set to open early next year in the year-old shopping center developed by Chicago Neighborhood Initiatives. It was designed by architect Ann Alspaugh and will be managed by hospitality consultant James Gray, both of Pullman. [Bisnow]