Another Apartment Tower Planned For Michigan Avenue in the Loop?
Posted by Leo Clark. on
Another new apartment tower is being planned for the Loop, which is hardly a surprising headline anymore as more and more residential construction continues to transform this particular part of the city. Once thought of as Chicago’s primary business and financial district, the Loop has all of a sudden become one of the hottest places to call home now thanks to newly built high-rises such as OneEleven, Mila, 73 E. Lake, and Marquee at Block 37.
As first reported in the Tribune, Chicago-based Sterling Bay and Magellan Development are looking to demolish a brick four-story building at 300 N. Michigan Avenue to make way for the new rental tower, although details beyond that are still unclear.
As of now, Sterling Bay currently owns the possible…
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