Tagged : Loop Apartments

Recent news reported by Crain’s continues to confirm The Loop’s on-going transformation into a red hot location for anybody looking for a downtown apartment—and this time, it’s looking like a vintage Loop commercial building could be slated for a residential conversion sooner rather than later.  

According to the report, an affiliate of Chicago-based Marc Realty Capital purchased 330 S. Wells Street for $10.1 million earlier this month, although specific plans as to what the developer plans to do with the property have not yet been revealed. 

Even still, the firm that acquired the property specifically specializes in developing apartments, and given demand for rentals in The Loop right now, speculation for a possible residential conversion

The new 41-story apartment tower coming to 200 N. Michigan Avenue is well underway at this point, exciting those keeping an eye on its progress and just waiting for its delivery early next year. Now being called “MILA” (an abbreviation for Michigan and Lake), 200 N. Michigan Avenue is literally just steps from Chicago’s primary theatre district, the Chicago River, Millennium Park, the Magnificent Mile and also the city’s major business and financial district, making it a great walk-to-work location as well.

Designed by bKL Architecture, MILA of course has a pretty sleek look and feel from the outside, not to mention developers are also aiming for a LEED Silver certification for the building once construction wraps up for the project. When finished, 402