ChicagoDowntown / Loop

New lofts underway in Streeterville

by Joe Zekas on 8/20/14

Building permits have been issued and work has begun on the conversion of the former River East Art Center building at 445 E Illinois into 285 loft apartments.

Preliminary signage has been posted on the site. A website is expected to go live in about a week, and pre-leasing activity will begin shortly.

The development will have first-floor commercial space, extensive common-area amenities, and high-end apartment finishes. First occupancies are being targeted for year-end – an ambitious schedule.

The new lofts will bring a markedly different product to the Streeterville market, where rentals consist almost exclusively of high-rise apartments. The building has an attractive location fronting Ogden Slip on the south and a park on the north.

An affiliate of Group Fox is the developer. We’ll provide more details as they become available.

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{ 1 comment… read it below or add one }

Edward August 20, 2014 at 1:26 PM

I knew this building would be converted one day. Too bad about the Fox & Obel. I’m thinking once the building gets converted, a corner grocer should do okay there… here’s hoping Mrs. Greens (or whoever) can give it a go once the remodel is complete…

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