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Chicago Cheat Sheet: City cites R. Kelly for code violations at studio-warehouse… & more
Meanwhile, Holladay Properties looks to convert vacant Lombard property to luxury apartments and former Bulls part owner lists Mag Mile condo
R. Kelly cited for code violations in warehouse being used as recording studio
City inspectors found a number of code violations in a West Loop warehouse rented by singer R. Kelly, including a portion of the first floor that was illegally converted into a recording studio. The city went to court to get access to the building in the days after a Lifetime TV series detailed more allegations of sexual impropriety against Kelly. A Cook County judge said Kelly can continue to use the studio, even though it was built without a permit or city review of plans. However, the judge also ruled that no one is allowed to live in the building, since a number of items found there suggested that it was being used as a residence. [Chicago Sun-Times]
Developer plans luxury apartments and grocery store on long-vacant Lombard land
Holladay Properties is in talks with Lombard village officials to build a $31-million-dollar development featuring luxury apartments and a co-op grocery store on long-vacant land in the suburb. Officials chose the South Bend, Indiana-based firm to develop the village-owned site near Main Street and Parkside Avenue, which was once the home of the DuPage Theatre. The company is proposing a four-story, 120,000-square-foot building with 120 luxury apartments and 3,000 square feet of ground-floor commercial space, along with a 12,000-square-foot building for Prairie Food Co-op. [Daily Herald]
Former Bulls part owner lists Mag Mile condo
Former Chicago Bulls part owner Jonathan Kovler is listing his duplex condo at Water Tower Place for $3.4 million. Kovler owned 7 percent of the Bulls and was the team’s managing partner before selling to Jerry Reinsdorf in 1985. His 5,500-square-foot unit is on the 67th and 68th floors of the Magnificent Mile tower. Katherine Malkin of Compass is handling the listing. [Crain’s]
Latest development plan for embattled Glen Ellyn site calls for luxury apartments
GSP Development wants to build a $39-million-dollar apartment complex in downtown Glen Ellyn. The Des Plaines-based firm is in talks with the village regarding plans for a five-story building with 107 luxury apartments over 8,800 square feet of retail, which would be constructed on the former site of the Giesche Shoe at Main and Hillside. The location has been the subject of four failed proposals since the family-owned shoe store closed in 2014. [Daily Herald]
Tegus inks lease in Slate’s 120 South LaSalle
Investment research firm Tegus signed a long-term 14,000-square-foot lease Slate Office REIT’s building at 120 South LaSalle Street. The firm sells services and subscriptions to buy-side investors including hedge funds, family offices and mutual funds. Tegus plans to move 45 employees into the new space later this year. [REJournals]