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Three short blocks away, London-based “coliving” company The Collective is looking to replace the parking lot at 633 S. LaSalle Street with a 17-story project along Printer’s Row.
An increasingly popular housing option, the coliving concept offers residents a more affordable entry point in a neighborhood by providing smaller, fully furnished private bedrooms and shared common spaces. A single payment from the tenant covers rent, utilities, furniture, and even linen service.
A South Loop coliving development recently opened at nearby 30 E. Balbo Drive. The concept is also being tried out in Chicago’s Logan Square and University Village neighborhoods.
They’re about to lose the building’s only tenant, but the owners of the office complex at 801 South Canal Street are trying to sell the property anyway.
A venture led by developer Paul Gearen is hoping to sell the South Loop office building for $100 million, despite Northern Trust’s plans to vacate it next year, according to Crain’s.
Gearen and his partners developed the 575,000-square-foot building for Northern Trust in 1990. The Chicago-based financial institution has been the building’s sole occupant since then, according to Crain’s.
Northern Trust, one of Chicago’s biggest office tenants, will leave 801 South Canal Street in October 2020 as part of a reshuffling of its local office footprint. On top of leaving the South Loop, the firm will also vacate 248,000 square feet at 231 South LaSalle. It will consolidate its offices in 333 South Wabash Street.
The developer proposing to build the One Central megaproject on air rights just west of Soldier Field is dangling a powerful political pitch as his request to get billions of state subsidies nears a final decision in Springfield—and he wants lawmakers to decide in the next 10 days whether they'll get behind his plan.
The offer: help for Gov. J.B. Pritzker in paying billions in pension bills, and help for Mayor Lori Lightfoot in opening up transit-short South Side neighborhoods to economic growth.
But in an interview in which he disclosed new details of his $20 billion plan for the first time, Landmark Development’s Bob Dunn declined to make public key financial projections behind his bid, saying he has given them to state officials and presumably will do so with Lightfoot at a meeting he has scheduled with her “in early June.”
Dunn, who immediately after the interview left for Springfield, wants state lawmakers in the next 10 days to approve an unprecedented financial arrangement in which the state essentially would take an equity position in his project.
The language of Dunn’s legislation has not yet been disclosed. Springfield insiders say his measure, which would authorize the state to make an equity investment but still apparently require negotiation of a specific contract, stands a fair chance of passing before the Legislature's scheduled May 30 adjournment—either as a separate bill or, more likely, as a clause in other legislation, such as a pending big capital bill.
Inspiration hub Nike - Next to Spanglish on state st
A lifetime in sport isn't just for the pros. Whether you strive to compete on the highest level or strive to compete as long as you live, Nike and Dick's Sporting Goods will get you there.
Nike and Dick’s Sporting Goods, the two powerhouses of sport, have teamed up to create The Inspiration Hub designed to help high school athletes in the Chicago community achieve their goals. With an emphasis on running for DSG's National Runner’s Month, Nike trainers will help you get more out of the season with workout, nutrition, and recovery sessions designed to make you a better, well rounded athlete for the long haul. This event is open exclusively to local high school teams, who are invited to participate in any and all activities offered.
Wow new River walk installed at south Bank development
Uber is in talks to lease about 450,000 square feet at the redeveloped Old Main Post Office, where the rapidly growing company could soon locate thousands of employees.
The San Francisco-based company is closing in on a deal for a massive office at the 2.8 million-square-foot behemoth at 433 W. Van Buren St., a source familiar with the negotiations confirms.
The deal would be a big victory for New York-based developer 601W, which is overhauling the long-vacant property with an $800 million redevelopment to transform it into a modern office building.
A larger Roots location in South Loop should open in February.
NEAR SOUTH SIDE — Williams Inn Pizzeria is slated to reopen at 2210 S. Michigan Avenue, according to a liquor license. Owners closed the original location at 1710 E. 87th Street in October 2018.This appears to be in the same building where Jerk Villa (2216 S. Michigan) and Succezz (2214 S. Michigan) currently reside. Based on the google maps photo, it looks like the building has three retail spots and presumably Williams Inn will take the last spot:
On Tuesday, South Loop residents and bike advocates gathered for a community meeting hosted by Ald. Sophia King to discuss plans for long-overdue bike improvements in the neighborhood. During the Chicago Department of Transportation announced that it is starting construction on the bike infrastructure, which was delayed by a year due to initial opposition from King.
Back in August 2017, CDOT presented what were supposed to be final plans for a low-stress bike route from the south end of the Dearborn protected bike lane to Grant Park via Polk Street, Plymouth Court, and 9th Street. The department also planned to add concrete curb protection on the existing Harrison Street protected bike lanes between Desplaines Street and Wabash Avenue. The work was slated to be completed in spring 2018, but it never happened, reportedly due King’s concerns about maximizing car parking.
