Thursday, January 17, 2019

New West Loop library has meeting space for grown-ups, ‘tinkering lab’ for kids

Photo by Troy Closson / Sun-Times
By: Troy Closson | Jan 17, 2019 | Chicago Sun-Times

While residents and community officials gathered Thursday morning ahead of the ribbon-cutting for the new West Loop Branch library, in a nearby room, a group of about 20 kids had their minds on something else. Sitting around a rectangular table in the new library’s “tinkering lab,” — a place to “play, learn and get messy” — the school-aged children wielded wooden blocks and toys, seemingly oblivious to the festivities. Creating spaces accessible to kids — like the tinkering lab — was one of the priorities in the development of the city’s 81st library branch. The new facility, at 118-122 N. Aberdeen St., officially opened Thursday with Ald. Walter Burnett Jr. (27th) and representatives from developer Sterling Bay struggling to cut through a sturdy orange ribbon. Read More....

Coca-Cola moving local office to Fulton Market

Photo by Danny Ecker
By: Danny Ecker | Jan 17, 2019 | Crain's Chicago Business

McDonald's vendors and partners haven't rushed into Fulton Market as much as some expected after the fast-food giant moved its headquarters there last year, but the fast-growing neighborhood just landed one of the Golden Arches' most famous business partners as a tenant. Coca-Cola has leased offices at a new 150,000-square-foot building that Chicago developer McCaffery Interests will open in March at 1201 W. Lake St., McCaffery announced. Read More....

Wednesday, January 16, 2019

Convene confirms two new Chicago locations

Photo by Sterling Bay
By: Danny Ecker | Jan 16, 2019 | Crain's Chicago Business

Meeting space and co-working provider Convene today announced a pair of leases with Chicago developer Sterling Bay totaling 185,000 square feet, doubling the New York-based firm's footprint in Chicago. Convene today confirmed deals Crain's reported last month at 333 N. Green St. in the Fulton Market District and 311 W. Monroe St. in the West Loop. Convene will "manage building amenities, meeting and workplace experience and technology" at both properties, which will be its third and fourth locations in Chicago. Read More....

Tuesday, January 15, 2019

New York developer takes over Fulton Market office project

Photo from CoStar Group
By: Danny Ecker | Jan 15, 2019 | Crain's Chicago Business

A New York real estate developer known for its Loop towers is taking the reins on a proposed Fulton Market District office project next to Google's Midwest headquarters. Tishman Speyer has struck a joint venture deal with veteran Chicago developer Mark Goodman to lead development of a 12-story office building at 310 N. Sangamon St., according to public records and sources familiar with the agreement. Read More....

Tuesday, January 8, 2019

Mondelez moving HQ and 400 jobs to Fulton Market

Image from Getty Images
By: Brigid Sweeney | Jan 7, 2019 | Crain's Chicago Business

Mondelez, which makes everything from Oreos and Triscuits to Trident gum, is relocating its headquarters and more than 400 employees to Chicago's Fulton Market District from Deerfield. The international snack-maker will take up residence in a five-story building being built at 905 W. Fulton Market in April 2020, according to a press release. The former meatpacking district emerged first as a dining scene and more recently as a hub for corporate headquarters, thanks to Google's 2015 debut of a shiny new Chicago outpost there. McDonald's joined the neighborhood this year, abandoning its longtime suburban campus in Oak Brook. Read More....

Thursday, January 3, 2019

New office project ready to test the waters along Fulton Market’s western edge

Photo by ESG Architects
By: Jay Koziarz | Jan 3, 2019 | Chicago.Curbed.com

The office boom transforming Chicago’s trendy Fulton Market District is creeping further west thanks to a new 14-story development sprouting up along Ogden Avenue. Known simply by its address of 1375 W. Fulton Market, the upcoming 315,000-square-foot building earned its first construction permit on Wednesday. The project, which comes from Texas-based developer Trammell Crow, replaces a parking lot and a two-story structure that was demolished late last year. The design by ESG Architects features a rooftop deck for tenants and about 115 parking spaces on levels two and three. The site is also steps from the Archer Daniels Midland wheat mill where developer Sterling Bay is reportedly considering a new Metra rail stop. Read More....

Wednesday, January 2, 2019

Chicago Real Estate Resources brokers $3.78M West Loop sale

Photo from REJournals.com
By: RE Journals Staff Writer | Dec 28, 2018 | REJournals.com

Steven Rapoport, a broker with Chicago Real Estate Resources Inc., recently facilitated a $3.78 million sale. The subject property is located at 324 S. Racine Avenue in the booming West Loop neighborhood of Chicago. The transaction included an eight-unit, mixed-use building situated on an approximately 12,500-square-foot site offering potential for development. The property offers excellent access to the vast dining and nightlife options in the West Loop along with easy transportation, as it is only one block away from the Blue Line and the Eisenhower Expressway. Read More....