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Scion Considers Office for Student Housing

CHICAGO-Company president Rob Bronstein says 203 N. Wabash Ave. would be ideally situated to pull tenants from more than a dozen universities located in the area.

By Cari Brokamp | Updated on September 03, 2008

CHICAGO-Scion Group is looking to possibly acquire 203 N. Wabash Ave. to be developed into student housing. The 24-story office building offers around 140,000 sf. An investment group reportedly puts the office building, about 60% occupied, as worth about $19 million.

The East Loop location is ideally situated to pull tenants from more than a dozen universities located in the surrounding area, says Scion president Rob Bronstein. “It’s pretty preliminary,” Bronstein tells GlobeSt.com. “The location is not any better than anywhere else in the city. We are where universities are.” He says Scion is in early stages of investigating the property, and that no financing has yet been secured.

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