The Real Deal Chicago

Chicago Cheat Sheet: Jerry Garcia-themed venue headed to West Loop? & more

Also, North Shore home developer Marvin Jacobs dies at 95
By John O’Brien | February 05, 2019 05:00PM

Jerry Garcia, Peter Shapiro, and Brooklyn Bowl (Credit: Getty Images, Wikipedia and AXS)

West Loop music venue could be Dead Heads’ dream

The estate of late Grateful Dead frontman Jerry Garcia is teaming with the owner of New York-based Brooklyn Bowl on a possible West Loop music venue. Brooklyn Bowl owner and music promoter Peter Shapiro would not confirm plans for the venue, but he also didn’t deny a published report he plans to open a “Garcia’s” jazz and jam venue in the booming neighborhood. Brooklyn Bowl combines a bowling alley, restaurant, bar and music venue. It has locations in New York and Las Vegas. [Eater]

Prolific homebuilder Marvin Jacobs dies

Prominent North Shore home developer Marvin Jacobs died Jan. 26 at age 95. Jacobs helped expand the firm founded by his father, Albert. Deerfield-based Jacobs Companies has built 6,000 houses in 44 suburban developments, said Marvin Jacobs’ son, David, CEO of the company. Marvin Jacobs retired from managing the firm about 15 years ago but remained active in the business. [Crain’s]

CMK to start South Loop apartment project

CMK Companies secured its first city construction permit for a 31-story apartment building in the South Loop. When the project at 717 South Clark Street was unveiled at a public meeting last month, it was two stories shorter and had just 96 parking spaces. It now will have 192. The building will have 349 apartments, one short of the number that would trigger additional city approvals. [Curbed]

Gold Coast apartment building launches leasing

Draper & Kramer launched leasing efforts at its new boutique rental building in the Gold Coast. First move-ins at the 58-unit building at 61 Banks Street are expected in May. The eight-story development features two- and three-bedroom apartments ranging from 1,700 to 2,400 square feet. @properties is handling leasing. [REJournals]

Boutique hotel approved in Arlington Heights

European Crystal Banquets and Conference Center owner James Cazares won Arlington Heights officials’ approval for a 62-key hotel adjacent to the business at 519 West Algonquin Road. The five-story Chez Arlington will have a rooftop bar that can only be open when the banquet hall is being used. [Arlington Heights Post]

Manufacturer signs big industrial lease in Elk Grove Village

Middleby Corporation signed a $6 million lease for a 102,0000-square-foot industrial building in Elk Grove Village. The recently renovated building at 2567 Greenleaf Avenue includes a new 6,300-square-foot office space. Lee & Associates’ Chris Nelson and John Sharpe represented the building owner, Prologis, while Steve Sullivan of NAI Hiffman represented Middleby, a manufacturer of cooking and industrial equipment. [REJournals]