Chicago Cheat Sheet: R2 Cos.’ Evanston office project gets thumbs down … & more

Also, Pritzker supports Rauner's plan to put University of Illinois research facility in Related’s The 78

Chicago /
Jan.January 14, 2019 05:00 PM

(Credit: City of Evanston)

Evanston officials deal blow to office plan

The Evanston Plan Commission rejected a plan for a 13-story office building in its downtown. R2 Companies, T2 Investments and Paul Janicki Architects want to build the 127-foot-tall property on a city-owned parking lot in the 1700 block of Chicago Avenue. The developers agreed to pay $4 million for the property, but only if their plan wins approval, something more in doubt in light of last week’s plan commission vote. [Curbed]

Pritzker says he backs university facility in The 78

New Illinois Gov. J.B. Pritzker said he supports plans to create the University of Illinois’ proposed Discovery Partners Institute in Related Midwest’s The 78 development in the South Loop. But Pritzker said progress needs to be made on lining up the billions of dollars in private capital that former Gov. Bruce Rauner promised to match — up to $500 million in state funds — for the project. That private investment, however, hasn’t happened so far. [Crain’s]

Former Elk Grove Village motel closer to redevelopment

The redevelopment of the former Elk Grove Hotel in Elk Grove Village is proceeding now that the village approved demolition and environmental cleanup at the site. The village bought the shuttered hotel at 1600 E. Oakton Street for $5.6 million in August, and is “in advanced discussions” with a developer for the 318,000-square-foot site a half-mile from the planned $1 billion Elk Grove Technology Park. [Daily Herald]

Naperville ditching “Water Street District” name

Naperville will no longer be able to call its downtown development the “Water Street District” after a trademark spat with Henderson, Nevada. The Nevada town threatened to sue the west suburb, saying it “owns exclusive, nationwide rights” to use the name. Naperville and developer Marquette Companies had been using the moniker for the area where the Hotel Indigo, Sparrow Cafe, Southern Tide and other stores, restaurants and a parking deck are located. [Naperville Sun]


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