Chicago Cheat Sheet: CMK plans 349-unit South Loop rental…& more

Also, Alderman Hopkins calls Sterling Bay’s Lincoln Yards changes a start; still needs more details

TRD CHICAGO /
Jan.January 16, 2019 05:00 PM

Rendering of CMK’s South Loop apartments (Credit: iStock)

CMK unveils latest South Loop apartment plans

CMK Companies unveiled plans this week for a 29-story apartment building in the South Loop. The Chicago developer’s project would have 349 residential units, and would replace a low-rise commercial building at 717 South Clark Street. Alderman Sophia King (4th) said talks about the development are ongoing, but the site’s current zoning would allow a building of less than 350 units without special city permission. [Curbed]

Hopkins wants more details from Sterling Bay on newest Lincoln Yards plan

Alderman Brian Hopkins (2nd) said Sterling Bay’s new plans for Lincoln Yards are a “step in the right direction.” But the alderman said he needs more details before deciding whether to give the project his blessing. Hopkins last week reject a 20,000-seat soccer stadium and an entertainment district in the 54-acre development. Sterling Bay responded by releasing revised plans over the weekend. Hopkins said far more detailed plans are needed before he decides whether to ask the Chicago Plan Commission to postpone a scheduled vote on the project on Jan. 24. [Chicago Sun-Times]

Convene confirms two new Chicago leases

Co-working firm Convene confirmed it’s opening two new locations in Sterling Bay-owned buildings. The New York firm will take 95,000 square feet in the developer’s office project under construction at 333 North Green Street in Fulton Market and 90,000 square feet at 311 West Monroe Street in the Loop. [Crain’s]

Historic Logan Square building to be demolished for apartments

The city approved the demolition of a historic Logan Square building to make way for a new apartment development. Logan Square-based Wilmot Properties plans a six-story, 40-unit apartment project in the 2900 block of West North Avenue, and it just secured a city permit to tear down a second building at the site. Both the building at 2932 West North and nearby former home of Carbit Paints — since demolished — were considered significant. But a National Register of Historic Places designation does not prevent their demolition. [Block Club]

Crown Family venture could add 4M sf of industrial space near Sugar Grove

Sugar Grove officials are considering a plan from a developer to build 4 million square feet of industrial and warehouse space on 760 acres of farmland near Interstate 88 and Illinois 47. The developer, a venture of Chicago’s billionaire Crown family, said later plans could include apartments and homes. The village annexed the land in 2013 and later changed its land use plan to allow business parks on the property. [Daily Herald]

Historic Geneva home moved to new location in town

A historic Geneva home was placed on wheels and moved about a mile away this week. The Miller-Gully house was built in 1839 and was moved to a vacant lot at 822 East Side Drive. The home is owned by Adam Gibbons, who lives in the historic Adams-Joy-Snow homestead on the eastern edge of Geneva, which itself was moved from its original site in 1963. [Aurora Beacon-News]

Mundelein to demolish buildings for lakeside park

Mundelein is moving ahead with plans to tear down several buildings to make way for a proposed public park. Village officials voted this week to demolish the Mundelein Apartments at 516 South Lake Street, after previously agreeing to knock down four homes and a commercial building on the block. Officials plan to turn the entire site on the shore of Diamond Lake into a park. [Daily Herald]


Related Articles

arrow_forward_ios
One Lincoln Centre and Balfour Pacific CEO Mark Scott (Credit: Google Maps, iStock)

Blackstone unloads large office complex at slight discount

905 West Fulton Market and DineAmic founders David Rekhson and Lucas Stoioff (Credit: Thor Equities)

Prime & Provisions owner inks lease for new restaurant in Fulton Market

Orland Park landlord sued for housing discrimination (Credit: iStock)

Orland Park landlord sued for racial discrimination

Renderings of Millennium on LaSalle  

This office-to-luxury rental deconversion just got a big loan

Thor Equities CEO Joe Sitt and a rendering of 800 West Fulton Market (Credit: SOM)

Thor Equities lands $144M construction loan for new tower

Flexport CEO Ryan Petersen and 333 N. Green Street (Credit: Getty Images, Sterling Bay)

Sterling Bay inks tech firm to latest lease at Fulton Market HQ

Chicago Skyline (Credit: iStock)

Windy City’s real estate blown away by other cities

President Donald Trump, Trump International Hotel & Tower 401 N. Wabash Avenue and Cushman & Wakefield CEO Brett White (Credit: Getty Images, Cushman and Wakefield)

Trump Tower has new leasing broker for failing retail space

arrow_forward_ios