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Chicago Cheat Sheet: Developer Thomas Klutznick dies…& more
Also, Essex on the Park apartment tower nears completion
Thomas Klutznick, developer of Water Tower Place, dies
Prominent developer Thomas Klutznick died Friday. Among the projects Klutznick was involved with building were Water Tower Place, the Peninsula Hotel in the 700 block of North Michigan Avenue and some of the first suburban Chicago malls. Klutznick, who was 79 and had suffered from dementia, worked alongside his father, noted developer Philip Klutznick. He also was co-founder of Miller-Klutznick-Davis-Gray, a nationwide development firm that built the office tower at 515 North State Street. [Crain’s]
Essex on the Park nearing completion
Essex on the Park apartment tower in the South Loop is signing tenants as it nears its anticipated spring completion. The 56-story, 479-unit high-rise at 808 South Michigan Avenue is being developed by Oxford Capital Group and Quadrum Global and Chicago-based Hartshorne Plunkard Architecture. Rents will range from $1,750 for studios to $3,520 for two-bedrooms. [Curbed]
ComEd exec buys Hinsdale mansion
ComEd CEO Joe Dominguez bought a new construction house in Hinsdale for $3.25 million.
Dominguez took the helm of the electricity utility in May, and bought the five-bedroom home on Park Avenue last month. [Crain’s]
Logistics company renews big industrial lease in Bridgeview
Chicagoland Quad Cities Express signed a lease extension for its 412,000-square-foot distribution facility in suburban Bridgeview. The 50-year-old, third-party logistics and transportation company specializes in warehousing and transportation services and also operates a food-grade facility in Bolingbrook. [REJournals]
El Mexico closes in Des Plaines, making way for mixed-use project
El Mexico grocery store in suburban Des Plaines shuttered after 40 years, and will be replaced with a seven-story apartment building featuring ground-floor restaurant space. [Daily Herald]