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Another stymied condo development in Chicago’s South Loop neighborhood is going rental.
Lexington Park, which originally was developed as 297 condos in a 35-story tower and additional space in a connected seven-story loft building, will be converted to more than 300 apartments, according to ST Residential LLC, which took possession of the property at Cermak and Indiana last year. Get the full story »
From Crain’s Chicago Business | Red Sea Group, an Israeli real estate firm, has acquired a former Northern Trust check-processing plant in the South Loop with plans to spend about $200 million to convert the eight-story building at 840 S. Canal into one of the city’s biggest data centers. Get the fully story>>
By Mary Ellen Podmolik |
Columbia College Chicago said it will take over a South Loop apartment building and turn it into a residence hall, beginning this fall.
The college said it signed a five-year lease to operate a residence hall in the 16-story Dwight Lofts at 626 S. Clark St., which currently functions as an apartment building owned by ASB Capital Management of Bethesda, Md. The building has 771 beds in 178 loft-style units.
