West Loop Real Estate News

West Loop residents who are less-than-thrilled with how dense the neighborhood is becoming were recently presented with a revised plan to redevelop a site at 845 W. Madison. And while the original plan called for 627 units, the new version would still add 586 luxury rentals to the West Loop landscape, as well as 14 townhouse, 293 parking spaces, and about 10,000 square feet of retail space. 

Developers are also saying the revised version also greatly reduces its visual impact at street level, most notably when viewed from Adams & Sangamon Park, which sits directly across the street. 

In addition, the new design also includes a number of setbacks, which should help minimize shadows and still allow for the park to enjoy plenty of natural sunlight. If

Commercial development is downright insane in and around Fulton Market right now, and one local developer has clearly taken notice. As first reported by Curbed, McCaffery Interests has recently updated a marketing plan for a prime location at 1201 W. Lake Street, taking a rather simple and conservative rendering and transforming it into a proposal that’s considerable more chic, stylish, modern, and what some might say a little more tech-centric.  

The exterior of the newly proposed commercial development at 1201 W. Lake will also go from having 89,000 square feet of space to 132,000 square feet, which will also include 16,000 square feet of retail space and even interior parking for 42 vehicles.  

Should the project eventually become a reality, the

The West Loop development boom continues as reports have now surfaced about developers proposing two new condo buildings near the recently demolished Harpo Studios. 

According to a recent post from DNAInfo, Peerless Real Estate Investments is hoping to bring two separate residential projects to 19-27 N. May Street and 1111 W. Washington Boulevard, which are two locations that are essentially right in the heart of Chicago’s West Loop neighborhood. 

Although plans are just now being presented to the community, the buildings would each stretch 9 stories high and each include 28 individual condo units if approved. In addition, developers are also planning for each unit to include between three and four bedrooms, with fairly large terraces connected to

While the much-talked-about 1K Fulton development over in the rapidly developing Fulton Market neighborhood was only recently finished, the developer of the building, Chicago-based Sterling Bay, is already close to selling the mammoth project that’s helping re-define this particular part of the city.

According to reports, California-based American Realty Advisors is poised to purchase 1K Fulton for a jaw-dropping $305 million, which should give Sterling Bay a sizable profit given the original Fulton Cold Storage building was purchased for a mere $12 million back in 2012.

At 531,000 square feet, the deal would mean American Realty Advisors would pay $574 per foot for the fabulous new office building, which of course is now the home of the Chicago-based

After quite a few rounds of changes and design modifications, it appears a final version of 111 S. Peoria is finally on its way to becoming a reality. Now being called Illume, 111 S. Peoria will stand 9 stories high and apparently house 95 individual condo residences, which is quite the contract to the original plan of standing 13 stories high and housing 215 apartment residences.

Unlike many super luxury condo and apartment projects that have come through the pipeline in recent months and years, 111 S. Peoria will actually offer an assortment of one-bedroom residences that start just under $200,000—a rare price point for new construction in Chicago, and especially in the West Loop. Early reports are detailing that many of these entry-level one-bedrooms

According to multiple reports, it appears McDonald’s, the world’s largest fast food chain, is finally making its way to downtown Chicago. Crain’s Chicago initially broke the story late last week and to the surprise of some, the Oak Brook-based company will soon be making plans to move its corporate campus to the Harpo Studios site in the West Loop, where developer Sterling Bay plans to develop a brand new campus.

Famed Chicago native Oprah Winfrey originally sold the Harpo Studios building to Sterling Bay back in 2014 for $32 million, which aside from being the location where the Oprah Winfrey and numerous other TV productions were filmed, also helped transform the West Loop neighborhood into what it is today.

Prior to the announcement, McDonald’s flirted

Although plans for 20 N. Loomis initially started to gain attention back in the summer of 2014, not much has been mentioned about the project since. Or at least until recently.

Not long ago, a few units for the mysterious West Loop project officially hit the MLS, signaling to potential buyers that these new luxury townhouses will eventually be available, most likely sooner rather than later.

According to the MLS listings currently active, townhouses at 20 N. Loomis feature a jaw-dropping 7,500 square feet of total living space while offering 4 bedrooms, 5.5 bathrooms and a floor plan that lives much more like a single-family home that a townhouse. In addition, the development’s location at 20 N. Loomis also provides a premium West Loop address, which

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,

While new development is nothing new to Chicago’s ever-evolving West Loop neighborhood, the long-stalled project called One South Halsted could finally be getting under way after what’s been roughly 5 years since the project was introduced.

Originally proposed back in 2011, One South Halsted actually received approval from the city just a year later, but nothing has really been done since, or even mentioned for that matter. However, according to a recent report from Curbed, it does look as if the project is finally back on track, only now with a few slight modifications from the original proposal.

It appears the large cylinder shape design will remain in tact, but the tower will now only stretch 472 high as opposed to its original height of 490 feet. As

With demand for West Loop housing still at a seemingly all-time high, it appears another major high-rise could be on the way for a site located alongside the Kennedy Expressway. The project,  called One South Halsted, has actually been “in the works” so-to-speak for quite some time, however nothing has quite materialized as of yet.

An introduction to the unique, cylinder-shaped tower was actually first presented all the way back in 2011, and the city actually gave the project approval the following year. However, up until now, talk about the dynamic new development has mostly been silent.

According to reports, though, it appears developers are finally ready to get construction underway, albeit with a slight modification to the height and number of