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Chicago Cheat Sheet: Thor wins key approval for Fulton Market offices…& more
Also, suburban school board official has big overdue property tax bill on former roller rink
Thor Fulton Market office building one step closer to reality
Thor Equities won a key city approval for its 19-story Fulton Market office project. The Chicago Plan Commission on Thursday approved the New York developer’s proposal for the building at 800 West Fulton Street. The project also includes 25,000 square feet of retail space and 32 underground parking spots. If the project is approved by the City Council, Thor hopes to start work on the building this summer. [Curbed]
School official owes thousands in property taxes to his own district
A suburban school official owes more than $200,000 in unpaid property taxes on a closed roller rink he owns. Rich Township High School District 227 Board President Randy Alexander’s overdue tax bill includes tens of thousands of dollars owed to the school district he oversees. Alexander’s Rich City Skate at 4645 Sauk Trail in Richton Park was featured in the HBO documentary “United Skates.” It closed in 2016 but Alexander still owns the property. [Daily Southtown]
Shapack, Focus bringing new office building to Fulton Market
Shapack Partners and Focus Development officially launched work this week on a long-awaited Fulton Market office building. The developers said the 17-story building at 167 North Green Street is expected to open in late 2020. The developers paid $5.8 million to the city’s Neighborhood Opportunity Bonus fund in exchange for permission to build an additional 250,000 square feet on the site. Walton Street Capital is a financial partner on the project, which is being designed by Gensler. [Connect Media]
Ryan’s Six Corners senior living facility wins key city approval
The Chicago Plan Commission endorsed Ryan Companies’ proposed 248-unit senior living facility in Portage Park. The developer plans the 10-story building in the Six Corners Shopping District where Irving Park Road, Cicero and Milwaukee avenues meet. The $125 million project still needs the approval of the full City Council. It replaces a previous plan for a large retail complex on the site that was to be anchored by Ross Dress for Less. [Block Club]
Developers sought for former Sherman Hospital site in Elgin
The former Sherman Hospital campus in Elgin is up for auction. The 14-acre campus at 901 Center Street includes three vacant buildings totaling 254,000 square feet. Rick Levin & Associates is handling the auction, which has a suggested opening bid of $1.5 million. Deadline for bids is May 21. The hospital moved to a new campus on Randall Road in 2009, and the Center Street property has been vacant since December. [Daily Herald]