Chicago Cheat Sheet: Heartland Cafe redevelopment halted by new alderman…& more

Also, Sterling Bay close to adding tenants at nearly empty West Loop office building

TRD CHICAGO /
Jun.June 26, 2019 05:00 PM
Sam Goldman and The Heartland Cafe (Credit: Google Maps)

Sam Goldman and The Heartland Cafe (Credit: Google Maps)

Hadden says not so fast on Heartland Cafe apartments

The new alderman in Rogers Park stepped in to pump the brakes on plans to build a rental building on the former site of the beloved Heartland Cafe. Alderman Maria Hadden (49th) asked a city committee to delay a vote on a zoning change for the project, saying more community input is needed. Developer Sam Goldman wants to build a six-story, 60-unit building with ground-floor retail at 7000 North Glenwood Avenue. [Block Club]

IRI, Mayer Brown close to signing leases in Sterling Bay West Loop office building

Sterling Bay is close to signing two large new tenants a West Loop office building that’s been mostly vacant since 2014. The Chicago developer paid $60 million for the 382,000-square-foot building at 311 West Monroe Street, three years after BMO Harris Bank vacated 250,000 square feet there. Now Sterling Bay is close to signing data analytics company IRI and law firm Mayer Brown to lease a combined 160,000 square feet in the 15-story building. [Crain’s]

Hines cleared to build $500M project on part of former McDonald’s HQ

Hines Interests finalized its purchase of part of the former McDonald’s headquarters in Oak Brook, clearing the way for a massive redevelopment of the site. The Houston-based developer paid $24 million for the nearly 18-acre property on 22nd Street near Spring Road. Hines last month won village approval for its $500 million mixed-use project that will include 250 apartments, 104 condos, a 252-room hotel, three restaurants, offices, retail and park space. [The Doings]

Stretch of Halsted in Boystown faces redevelopment

The home of a legendary Lakeview gay bar has hit the market. Philadelphia-based Sherwood Investments and Trust listed five parcels on Halsted Street in the heart of Boystown for $7.5 million. The properties include the home of Little Jim’s Tavern and its neighboring bar, Big Jim’s. Despite these active businesses, the parcels are being marketed as vacant land. Elizabeth Pyle of Compass has the listing. [Chicago Magazine]

Developer eyes West Dundee farmland for apartments

A Wisconsin-based developer wants to turn more than 34 acres of farmland near West Dundee into a 380-unit rental community. Fiduciary Real Estate Development wants to construct 19 two-story buildings, each with 20 luxury rental apartments, along with a clubhouse and pool at Randall Road and Recreation Drive. The plan would require the village to annex the property and rezone it for apartments and commercial use. [Daily Herald]


Related Articles

arrow_forward_ios
SEC chair Jay Clayton (Credit: Getty Images)

SEC investigating financially troubled housing nonprofit

SEC investigating financially troubled housing nonprofit
Wolf Point East at 313 W. Wolf Point Plaza and Nema Chicago at 1210 South Indiana Avenue (Credit: Hines, Nema Chicago)

Over 10K new apartments could flood Downtown Chicago by 2022. But there’s a catch

Over 10K new apartments could flood Downtown Chicago by 2022. But there’s a catch
Landing CEO & founder Bill Smith and one of Landing's apartments at 30 E. Adams St.

Membership-based leasing platform Landing uses $20M Series A round to expand to Chicago

Membership-based leasing platform Landing uses $20M Series A round to expand to Chicago
7250 S. Shore Drive and 6752 S. Michigan Avenue

Financially-distressed housing nonprofit selling 13 South Side properties

Financially-distressed housing nonprofit selling 13 South Side properties
Developer Sam Goldman and an original rendering of the apartment building at 7000 N. Glenwood Ave. 

To avoid rezoning battle, developer cuts Heartland Cafe redevelopment plans in half

To avoid rezoning battle, developer cuts Heartland Cafe redevelopment plans in half
Co-CEOs Bleecker P. Seaman III, and Bradford W. Howe with Bourbon Square Apartments in Palatine

Broadshore Capital lands big refinance on 612-unit rental complex in Palatine

Broadshore Capital lands big refinance on 612-unit rental complex in Palatine
Orland Park landlord sued for housing discrimination (Credit: iStock)

Orland Park landlord sued for racial discrimination

Orland Park landlord sued for racial discrimination
Renderings of Millennium on LaSalle  

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

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

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...