The Real Deal Chicago

Chicago Cheat Sheet: Options exchange parent could be moving HQ … & more

Also, major Southeast Side industrial development moves forward
By John O’Brien | February 08, 2019 05:00PM

CBOE trading pit (Credit: CBOE)

Cboe could be moving out of Loop office

The parent company of the Chicago Board Options Exchange could be moving its Loop headquarters. During a fourth-quarter earnings call Friday, Cboe Global Markets CFO Brian Schell said the company would stay in Chicago. A spokesperson said Cboe trading floor would remain in its current home on LaSalle Street. [Crain’s]

Southeast Side industrial project moving forward

Work has begun on a 600,000-square-foot industrial complex on the Southeast Side. The $164 million project from NorthPoint Development will feature six buildings on 196 acres on the former Republic Steel site on South Burley Avenue. The project will receive up to $52 million in tax increment financing assistance from the city. [Chicago Tribune]

Beloved North Center restaurant up for sale

The home of Chicago Joe’s in North Center is up for sale, and it could mean the end of the beloved restaurant. The property at 2250 West Irving Park Road is being marketed as a “developer’s dream come true,” and owners are asking $2.4 million. It includes the restaurant, six apartments and a parking lot. [Block Club]

Castle-like Lake Forest mansion up for sale

A Lake Forest mansion that resembles a castle is on the market for the first time in decades. The home at 730 Ridge Road was built in the 1920s at a cost of $600,000 — $9 million today — and is now listed for $3.1 million. The “Whitehall” estate features the 11,000-square-foot mansion on six acres. [Chicago Magazine]

Restaurant near Millennium Park closing

Tavern at the Park across from Millennium Park is closing after being bought by Sterling Bay. The developer owns the adjacent Prudential Plaza complex, which it bought last year for $680 million. The restaurant at 130 East Randolph Street will close by the end of March. [Crain’s]

Barrington getting new retail center

A new retail center is coming this spring to a vacant half-acre site at 343/345 West Main Street in Barrington. The GG Investment Properties development near Barrington High School would feature a cafe in its initial construction phase. The remainder will be retail and service uses, officials said. [Daily Herald]

Fox River Grove development stalls

Plans for the long-awaited redevelopment of downtown Fox River Grove have stalled and financing is to blame, officials said. The plan had called for 500 apartments, 75,000 square feet of commercial space to be built in phases along both sides of Illinois 14 from Algonquin Road to the Fox River. But village officials said developer Gart Partners LLC hasn’t bought any of the land yet. [Daily Herald]