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Chicago Cheat Sheet: Sterling Bay’s Michigan Avenue tower wins key OK…& more
Also, developer plans apartments and retail on site of beloved former Avondale buffet
Sterling Bay clears hurdle on Michigan Avenue hotel, apartments
The Chicago Plan Commission this week endorsed Sterling Bay’s plan to replace a low-rise building at 300 North Michigan Avenue with a 46-story tower. The $252 million project would have 289 residential units, 280 hotel rooms and ground-floor commercial space. The project still needs approval approval from the City Council’s Zoning Committee and the full council. [Curbed]
Apartments could rise on former Red Apple Buffet site
The developer who bought Avondale’s beloved Red Apple Buffet plans to replace it with a four-story apartment building. Developer Stanislaw Pluta plans 27 units over ground-floor retail on the former site of the Polish restaurant at 3114 North Ridgeway Avenue and 3105-19 North Milwaukee Avenue. Some 21 of the apartments would be three-bedrooms with the remaining units two-bedrooms. Rents are expected to be between $2,000 and $2,500. [Block Club]
Industrial building to rise in Bridge Development’s Bolingbrook complex
Bridge Development Partners is moving forward with a 219,000-square-foot spec industrial building in Bolingbrook. The building is the final phase in the Fountain Square Commerce Center, which Bridge bought in November for $73.5 million. Premier Design + Build is the general contractor on the project. [REJournals]
GlenStar creating a buzz at two suburban office complexes
GlenStar welcomed thousands of new residents to its Bannockburn Lakes and Schaumburg Corporate Center complexes, and they’re already generating a buzz. The office landlord worked with Canada-based Alveole to install beehives at each property in an effort to help restore the dwindling honeybee population. [Bisnow]