ArchiWise tracks 15 stories about real estate, zoning, permitting, and policy in Chicago, Cook County, Illinois. We surface the local decisions (rezonings, council debates, infrastructure investment, hazard mapping updates) that change how property gets built and bought. Updated as new coverage publishes.
Tree Street Group is building a geothermal system with 65 wells for the first phase of a 724-unit project at 410 N. Elizabeth St. The all-electric design targets large energy savings and a March 2028 completion.
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A Chicago Loop office-to-apartment conversion at 330 S. Wells St. is headed to a November foreclosure sale after its $28.2M mortgage was ruled in default. A Pennsylvania multifamily investor bought the loan at a steep discount.
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The first phase of the LeClaire Courts redevelopment in Garfield Ridge has started construction, adding 183 apartments and a $119 million budget. The multi-phase project will eventually bring up to 700 residential units.
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The 2.1M SF Illinois Center in Chicago's East Loop is scheduled for a sheriff's sale next month following a default on its $260M mortgage, highlighting ongoing challenges in the city's office market.
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An affiliate of Antheus Capital is being sued by an investor group, The Straus Group, over an alleged breach of contract concerning the 1,869-unit Lake Meadows apartment complex in Chicago's Bronzeville neighborhood.
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Amancio Ortega's investment arm, Ponte Gadea, has purchased the 51-story 1 N. Wacker Drive in Chicago, marking one of the largest office transactions nationwide this year and the biggest outright office sale in the city since 2015.
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Northmarq's Kevin McCarthy secured $24.7 million in Fannie Mae financing for Newcastle Investors, refinancing the 93-unit Reside on Jackson apartment community in Chicago. This transaction provides capital for a modern multifamily asset in a key urban market.
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Newmark facilitated the $30 million transaction of the 277,654-square-foot retail component of the Block 37 mixed-use development, featuring a diverse tenant mix and underground parking.
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The Harold E. Eisenberg Foundation's 27th annual dinner will unite over 700 commercial real estate professionals to raise more than $750,000 for gastrointestinal cancer research and support real estate education initiatives.
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Time Equities Inc. (TEI) has completed the acquisition of a 7,400-square-foot, fully leased retail property located at 33 South Wabash Avenue in Chicago's South Loop for $3.9 million. The property is situated at the base of a 360-unit luxury condominium building.
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The massive ORD Next project at Chicago's O'Hare International Airport, an $8.8 billion undertaking, is being managed by a lawyer who leverages his non-construction background to challenge assumptions and ensure comprehensive planning.
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Chicago-based Daniel Management Group has elevated Lauren Evett to Vice President of Property Management, where she will guide the strategic direction for assets from acquisition to stable operations across the company's expanding Midwest portfolio. Her role will focus on enhancing resident experience and property appeal in competitive markets.
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Google has released new design renderings for the James R. Thompson Center's atrium in Chicago, detailing plans for a significant redevelopment of the iconic 17-story building purchased in 2022. The project aims to transform the space with new retail, seating, and public art, targeting a 2028 completion.
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Justin Ishbia has placed Amtrak's 47-acre parcel under contract to propose The Railyards, a riverfront mixed-use development featuring a potential new White Sox ballpark, housing, commercial space, and a medical facility.
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Chicago investor Laramar Group purchased Eleven Thirty, a 43-story residential tower, from Draper and Kramer for $165.7 million in the property's first ownership change since 1967.
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