Search
 

$100M Condo Tower Replaces Streeterville Parking Lot

CHICAGO-With more than 50 reservations in hand, developer Gary Rosenberg plans to have a 41-story building at 600 N. Fairbanks Ct. complete by the end of 2007. It's expected to cost more than $100 million.

By Mark Ruda | Updated on July 21, 2005

(To read more on the multifamily market, click here.)

CHICAGO-Developer Gary Rosenberg will build 227 condominiums on a prime Streeterville site, now used as a parking lot. More than 50 reservations are in, Rosenberg tells GlobeSt.com, for the 41-story building that will rise at 600 N. Fairbanks Ct., a project expected to cost more than $100 million.

The 29,044-sf site has remained relatively fallow after environmental problems were discovered after a gasoline station ceased operations, says 42nd Ward Alderman Burton Natarus. In addition, the design by Murphy/Jahn Architects preserves a three-story retail building on the north end of the site, he adds. “It’s not a landmark building, but they’re saving a significant building,” says Natarus, noting it housed the Chez Paree night club.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.