5 Articles
5 Articles
Transformation of historic Loop office building into housing begins
City officials and development partners on Thursday marked the start of their efforts to convert four Loop office buildings into apartments, an effort to create a vibrant mixed-use neighborhood after the pandemic hiked office vacancy levels.A groundbreaking was held for 79 W. Monroe, the first office-to-residential conversion to break ground under the city's La Salle Street Corridor Revitalization initiative. The property — formerly known as the…
Chicago city leaders break ground on development project to revitalize LaSalle Street Corridor
A redevelopment project is hoping to bring new life to Chicago’s Loop by transforming vacant office spaces into housing. The city marked a day of celebration as Mayor Brandon Johnson along with other elected leaders held a groundbreaking ceremony for the project at 79 W. Monroe St. to revitalize the LaSalle Street corridor. “This is an exciting announcement and I’m very proud and humble that we’re collectively here today to ensure the people of …
Developers Break Ground on Chicago Affordable Housing Project
Chicago Mayor Brandon Johnson recently joined Lagfin and R2 Companies to break ground on 79 West Monroe, a $64 million redevelopment of the upper floors of the building into an office-to-residential conversion. The project will transform the historic Rector Building, the oldest surviving commercial high-rise designed by architect Jarvis Hunt, into a residential space, addressing the growing demand for housing in the Loop. The project is spearhea…
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