A lone rendering has been released that shows what could possibly be coming to 845 W. Madison in the West Loop sometime in the very near future, and it’s one of the more impressive projects to hit this part of the neighborhood in quite sometime. Once the home of H20 Plus, a lotion and shampoo manufacturer that’s moving to San Francisco, 845 W. Madison was initially purchased by the John Buck Company back in 2014 for $20 million, with part of that deal also allowing H20 Plus to still occupy the building for an additional two years.
But now that the two-year grace period is coming to a close, chatter about what’s coming next for the site is once again starting, and in many ways, the timing couldn’t be better. Development all over Chicago is widespread, and from the early looks of what’s being proposed, 845 W. Madison should blend in quite nicely with this trendy part of Chicago given its stylish warehouse-style exterior and stately footprint that spans basically an entire city block.
When finished, 845 W. Madison could include 550 residential units, as well as an additional 10,000 square feet of retail space. And while that’s certainly a whole lot of new units that the West Loop could definitely use given all the new commercial development in nearby Fulton Market, there’s no word yet on whether developers will go the rental or condo route.