DOCSLIB.ORG

Development Site for Sale 1034 W Madison Street Chicago, Illinois

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Development Site for Sale 1034 W Madison Street Chicago, Illinois Development Site for Sale 1034 W Madison Street Chicago, Illinois 15,000 SF Site Ideal for Residential, Retail, Office or Mixed-Use Development W MADISON STREET Table Of Contents 03 Executive Summary 06 Property Description 11 Market Overview 13 Contact Information CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 2 Executive Summary The Offering Executive Summary The Offering PROPERTY SUMMARY Cushman & Wakefield of Illinois, Inc has been retained by Ownership as the exclusive advisors in the sale of 1034 W Madison Street in Chicago, Illinois. The offering consists of a 15,000 SF Address 1034 W Madison Street, Chicago redevelopment site that currently includes 4 building totaling approximately 12,500 SF. 1034 W Madison Street is located in Chicago’s West Loop neighborhood and offers immediate Site Size 15,000 SF access to highways and ample public transportation options. The property features excellent visibility with 155’ of frontage directly on W Madison Street and is currently zoned DX-3. Zoning DX-3 (potential for 4.0 FAR) OVERVIEW N CARPENTER STREET STREET CARPENTER N W MADISON STREET CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 4 The Offering Project Highlights Premium Location - Located in Chicago’s West Loop Neighborhood, 1034 W Madison Street sits in the 25th Ward represented by Alderman Byron Sigcho Lopez. As one of the fastest growing neighborhoods in Chicago, the West Loop has and continues to, welcome various residential and commercial developments to the area. Along with being one of the top entertainment and dining districts in the city, the West Loop caters to residential, office, and retail demands. Developers are clamoring for new sites and opportunities to continue to breathe new life into the neighborhood and the potential that lies within. Development Potential - The site offers a unique residential, retail, office or mixed use redevelopment opportunity in Chicago’s West Loop Neighborhood. 1034 W Madison Street is situated just blocks away from the Chicago CTA “L” Green and Blue Line stops to the North and South and just steps away from the Madison CTA bus line. Zoning - Currently, the property offers a DX-3 (45,000 SF) zoning designation with the potential for an FAR of 4 (60,000 SF) by fulfilling the Affordable Housing requirement for the FAR increase, greatly reducing or eliminating the required parking. Access - The site is advantageously situated with excellent accessibility to the CTA “El” Green, Pink & Blue Line train systems, multiple bus stops and easy access to I-90/94 and I-290. CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 5 Property Description Property Description Aerial Overview +/- 150’6” +/- 100’8” +/- 100’4” N CARPENTER STREET STREET CARPENTER N +/- 151’2” W MADISON STREET CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 7 Property Description Aerial Overview: Access W CHICAGO AVENUE W MADISON STREET S DAMEN AVENUE S HALSTED STREET HALSTED S W ROOSEVELT ROAD STREET HALSTED S CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 8 Property Description Aerial Overview: Surrounding Amenities 10 9 36 69 45 8 74 2 76 3 4 5 7 1 73 47 11 1615 77 12 75 59 14 13 42 43 377880 64 79 62 63 68 44 55 25 48 52 27 88 30 32 46 2223 24 26 28 85 66 67 81 21 5472 71 61 87 29 8431 33 65 35 53 20 56 41 40 70 39 834938 34 17 18 58 19 86 82 50 60 57 51 6 RESTAURANTS NIGHTLIFE HEALTH AND WELLNESS RETAIL 1 Kaiser Tiger 19 Crave Kabob 36 Bar Siena 56 Snippets Mini-Cuts 74 Kids & Company Day Care 2 Lou Malnatis 20 Subway 37 El Che Bar 57 Studio84One 75 VCA Animal Care 3 La Colombe Coffee 21 Palace Grill 38 The Madison Bar 58 Beauty Mark Salon 76 Free People 4 Nandos Peri-Peri 22 Viaggio Ristorante 39 Black Barrel Tavern 59 Solo Salon 77 West Loop Auto Spa 5 Umami Burger 23 West End Grill & Tavern 40 Third Rail Tavern 60 Lacquer Day Spa 78 Kavi Gupta Gallery 6 Piko Street Kitchen 24 Nohea Café BANKING 61 Nail Party 79 Carrie Secrist Gallery 7 Formento's 25 Talay 41 First Eagle Bank 62 The Hair Loft 80 M2057 by Mario Pinto 8 Girl & The Goat 26 Freshii 42 Parkway Bank & Trust 63 Mane Abstracts Hair Salon 81 Gold Coast Tickets 9 Maude's 27 The Great American Bagel 43 Chase Bank 64 Base Salon 82 Morgan Cleaners 10 Forno Rosso 28 Mad Social GROCERY 65 European Wax Center 83 The Fig Tree 11 Green Street Smoked Meats 29 Butterfly Sushi 44 Whole Foods Market 66 G2 Men's Salon 84 Smitten Boutique 12 Parlor Pizza 30 Crossroads Bar & Grill 45 JP Graziano Grocery 67 LA Tan 85 Cat & Mouse Games 13 Dunkin Donuts 31 Cone Gourmet Ice Cream HEALTH AND WELLNESS 68 Elle Nail Spa 86 Wigglyville Pet Boutique 14 Sushi Pink 32 Monteverde 46 Johnny's Ice House 51 Brooklyn Boulders 69 Ora Dental Studio 87 Studio East6 15 Subway 33 Pockets 47 Core Power Yoga 52 9Round Fitness 70 West Loop Dental 88 Leaders 1354 16 La Sardine 34 Starbucks 48 Pure Barre 53 HM Day Spa 71 Spex 17 Billy Goat Tavern 35 Ciao Café 49 Crosstown Fitness 54 Exfole8 RETAIL 18 Dunkin Donuts 50 Bare Feet Power Yoga 55 Be Fabulous 72 Verizon CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 73 Randolph Street Market 9 Property Description Area Demographics DEMOGRAPHICS 1 MILE 3 MILE AREA DEMOGRAPHICS Population Trend 2019 49,038 435,180 2024 Projected 53,631 454,007 Housing Total Housing Units 2019 29,065 238,581 2024 Projected 32,004 250,012 Median Home Value 2019 $389,197 $423,050 1 2024 Projected $423,690 $464,626 M I L 3 E Household Income M I L E Median Household Income S 2019 $106,829 $84,535 2024 Projected $120,163 $100,101 Per Capita Income 2019 $80,400 $62,952 2024 Projected $91,770 $72,300 CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 10 Market Overview Market Overview Chicago Overview POPULATION Approximately 10 million residents live in the Chicago metropolitan area. The city of Chicago is home to over 2.7 million residents, an increase of approximately 1% since the 2010 census, and expects an additional population increase of 2% by 2024. The Chicago metropolitan area, the third most populous region in the United States, is a growing, vibrant, 24-hour LOCATION metropolis. Chicago’s diverse and thriving economic base, Located along the western shore of Lake Michigan, Chicago is the hub of the Midwestern skilled labor pool, and wide variety of cultural and recreational United States. Approximately 17% of the national population live within 500 miles of Chicago, making the city the focal point of Midwestern markets. The City of Chicago is the urban center activities make it one of the most important and influential of the much larger metropolitan statistical area, which spreads as far north as Kenosha, WI, as cities in the world. Chicago’s pro-business attitude, highly far south as Joliet, Illinois and as far west as Aurora, Illinois. skilled workforce, culturally diverse population, low cost of living, high quality of life, comprehensive transportation system and diverse economy give the city a unique and LOCATION HIGHLIGHTS compelling economic profile. • 107 million SF of office space in loop Chicago is recognized as one of the most important • Over 57 million visitors to the City of Chicago in 2018 industrial, financial and cultural centers in the U.S. It is • $2 billion Chicago retail sales the nation’s largest producer of steel and machinery, has the world’s largest commodity market, and is the nation’s largest wholesaling center. Chicago’s mid-continent location and efficient access via air, land and water have made it the WEST LOOP MARKET INTEL central hub of the U.S., leading the nation with its output of manufactured goods. Chicago thrives on its strong, diverse • The median home price in the West Loop is $389,197 and growing economic base not only in manufacturing, but also in wholesale and retail trade, communications, • The median household income in the West Loop is $112,258 publishing, banking, finance, insurance, law, advertising, • The median age in the West Loop is 33.6 accounting, medicine and high technology. CUSHMAN & WAKEFIELD | 1034 W MADISON STREET, CHICAGO 12 Contact Information Contacts: Larry Goldwasser, SIOR Colin Green Executive Director Senior Director [email protected] [email protected] +1 312 470 2323 +1 312 470 2322 Matt Cowie John Marks Director Associate [email protected] [email protected] +1 312 470 1872 +1 312 229 1016 Cushman & Wakefield of Illinois, Inc 225 W Wacker Drive, Suite 3000 Chicago, IL 60606.
Load more

Recommended publications
  • 333 North Michigan Buildi·N·G- 333 N
    PRELIMINARY STAFF SUfv1MARY OF INFORMATION 333 North Michigan Buildi·n·g- 333 N. Michigan Avenue Submitted to the Conwnission on Chicago Landmarks in June 1986. Rec:ornmended to the City Council on April I, 1987. CITY OF CHICAGO Richard M. Daley, Mayor Department of Planning and Development J.F. Boyle, Jr., Commissioner 333 NORTH MICIDGAN BUILDING 333 N. Michigan Ave. (1928; Holabird & Roche/Holabird & Root) The 333 NORTH MICHIGAN BUILDING is one of the city's most outstanding Art Deco-style skyscrapers. It is one of four buildings surrounding the Michigan A venue Bridge that defines one of the city' s-and nation' s-finest urban spaces. The building's base is sheathed in polished granite, in shades of black and purple. Its upper stories, which are set back in dramatic fashion to correspond to the city's 1923 zoning ordinance, are clad in buff-colored limestone and dark terra cotta. The building's prominence is heightened by its unique site. Due to the jog of Michigan Avenue at the bridge, the building is visible the length of North Michigan Avenue, appearing to be located in the center of the street. ABOVE: The 333 North Michigan Building was one of the first skyscrapers to take advantage of the city's 1923 zoning ordinance, which encouraged the construction of buildings with setback towers. This photograph was taken from the cupola of the London Guarantee Building. COVER: A 1933 illustration, looking south on Michigan Avenue. At left: the 333 North Michigan Building; at right the Wrigley Building. 333 NORTH MICHIGAN BUILDING 333 North Michigan Avenue Architect: Holabird and Roche/Holabird and Root Date of Construction: 1928 0e- ~ 1QQ 2 00 Cft T Dramatically sited where Michigan Avenue crosses the Chicago River are four build­ ings that collectively illustrate the profound stylistic changes that occurred in American architecture during the decade of the 1920s.
    [Show full text]
  • Directions to the Chicago Office
    Directions to the Chicago Office 70 W. Madison St. Suite 3100 Chicago, IL 60602 P: +1: 312.372.1121 Nearby Subways: CTA Blue train – exit at Dearborn & Monroe CTA Red train – exit at Monroe & State street CTA Green, Brown, Orange, Pink, Purple trains – exit Madison & Wabash Metra Electric, South Shore trains – exit at Millennium Station Metra Rock Island Train – exit at LaSalle street station Metra South West, Heritage Corridor, BNSF , Milwaukee West, North, North Central trains – exit at Union Station Metra Union Pacific North, Union Pacific West, Union Pacific NW trains – exit at Ogilvie Station Nearby Buses: CTA 14 Jeffrey Express, 19 United Center Express, 20 Madison, 20x Washington/Madison Express – stops in front of the building on Madison CTA 22 Clark, 24 Wentworth, 129 West Loop/South Loop ‐ stops on the corner of Clark and Madison CTA 22 Clark, 24 Wentworth, 36 Broadway, 52 Archer, 129 West Loop/South Loop‐ stops on the corner of Dearborn and Madison From O’Hare Airport – • Take I‐190 E ramp • Continue onto I‐90E (Kennedy expressway) for 13.6 miles • Exit 51H‐I (I‐290W, Eishenhower expressway) • Take exit 51I (Congress Pkwy, Chicago Loop) on the left • Continue onto W. Congress Pkwy • Take Wacker Drive (Franklin Street) exit on the right • Take Wacker Drive ramp on the left • Continue onto S Upper Wacker Drive • Turn right onto W. Monroe Street • Turn left onto S. Dearborn Street • Turn left onto W. Madison Street From Midway Airport – • Go south on IL‐50 S (S. Cicero Av) • Make a U‐turn onto IL‐50 N (S.
    [Show full text]
  • West Loop Small Shop Space Available 1208 W
    WEST LOOP SMALL SHOP SPACE AVAILABLE 1208 W. Madison Street // Chicago, 60607 FOR LEASING INFO CONTACT: Doug Renner // 312.275.3137 // [email protected] Nicole Cardot // 312.275.0371 // [email protected] PROPERTY HIGHLIGHTS Mixed use building boasts luxurious apartment living with convenient access to Restaurant Row and shopping at the growing population of retailers in the West Loop Steps away from area highlights including the new McDonald's global headquarters, Politan Row food hall, Google, United Center, University of Illinois at Chicago as well as many entertainment, dining, and shopping options Be a part of the growing community AVAILABLE SPACE: 2,487 SF available (divisible) former cycling studio space 1,685 SF available (divisible) former quick casual restaurant space FRONTAGE: Approximately 38 feet of frontage along Madison Street AVAILABILITY: Immediate Availability FOR LEASING INFORMATION CONTACT: Doug Renner // 312.275.3137 // [email protected] Nicole Cardot // 312.275.0371 // [email protected] RETAIL D 2,487 SF AVAILABLE , SF H&R BLOCK FOR LEASING INFORMATION CONTACT: Doug Renner // 312.275.3137 // [email protected] Nicole Cardot // 312.275.0371 // [email protected] RETAIL A 1,685 SF AVAILABLE , SF FOR LEASING INFORMATION CONTACT: Doug Renner // 312.275.3137 // [email protected] Nicole Cardot // 312.275.0371 // [email protected] BUILDING FLOOR PLAN GROUND LEVEL PUBLIC ALLEY ATS UP FIRE PUMP CORRIDOR TRASH ROOM 1ST FLOOR PARKING LEASING OFFICE JAN. OFFICE BIKE STORAGE MAILROOM
    [Show full text]
  • Highway Plan Cook County
    HIGHWAY PLAN FOR COOK COUNTY t e;: ,,., ~e.=, ~:: T ' <. J T - ._ ,... ' I: - I :: • k.. -:. - - <" ,. ' I \.. ' ,_, ~ J (.1~· ,, J) l' \.,i DETAILED STUDY OF H ·I G H W AV PL A N FOR COOK COUNTY PREPARED FOR THE BOARD OF COMMISSIONERS OF THE COUNTY OF COOK BY THE COOK COUNTY HIGHWAY DEPARTMENT GEORGE A. QUINLAN SUPERINTENDENT OF COUNTY HIGHWAYS CHICAGO, ILLINOIS AUGUST, 1940 A STUDY OF THE SUPERHIGHWAY FINANCING BY COOK COUNTY ON A PAY AS YOU GO PLAN l l \ [ 3 ] The undertaking of the construction of that portion of the Superhighway System within the""Central Business District of Chicago by Cook County on a pay as you go basis would require the allocation of approximately 43% of its anticipated highway funds for the next 20 years. The construction of the several units of the system by the County would require a programming of the work in a manner similar to the following: Estimated Cost Unit in Millions Year No. Improvement of Dollars 1941 1 Tunnel Connection with Outer Drive-(Drive shore protection and place fill) . 5 1942 1 Tunnel Connection with Outer Drive-(Con- struct tunnels, pavements and landscaping) 3. 0 1943 2 Elm and Cedar Street tunnels-(Buy Right of Way) .8 1944 2 Elm and Cedar Street tunnels-(Construct Elm Street tuni;iel) 2. 9 1945 2 Elm and Cedar Street Tunnels-(Construct Cedar Street tunnel) 3 .0 1946 3 Northwest Superhighway-Sheffield to Division (Buy Right of Way and construct) 3.9 1947 4 Northwest Superhighway-Division to Chicago -(Buy Right of Way and construct) 1.
    [Show full text]
  • FOR SALE: River North Development Site 12317 Sq. Ft
    FOR SALE: River North Development Site 12,317 Sq. Ft. 320 WEST ERIE STREET CHICAGO, ILLINOIS 60654 PROPERTY HIGHLIGHTS: • 12,317 sq. ft. (100’ x 123’) Development Site • Currently Operated as a 71 Stall Income Producing Parking Lot • Located in Chicago’s vibrant River North Gallery District • DX-5 Zoning / 5.0 FAR / 61,585 sq. ft. RBA / 68 Residential Units Permitted As-of-Right • Located ~495 feet from CTA “L” Brown / Purple Line (Superior Stop) • 42nd Ward (Alderman Brendan Reilly) David P. Kimball • 2017 Taxes = $102,487.17 ($8.32 per sq. ft.) Vice President • ASKING PRICE: Subject to Offer P: 312.558.3858 [email protected] PROPERTY OVERVIEW Address: 320 – 326 W Erie St Chicago, IL 60654 County: Cook County Neighborhood: River North / Gallery District Property Type: Surface Parking Lot (71 Stalls) Price: Subject to Offer Total Land Area: 12,317 sq. ft. (0.283 acres) Frontage: 100 feet on Orleans St 123 feet on Erie St Existing Curb Cuts: 1 on Erie St and 1 on Orleans St Zoning: DX-5 (see zoning analysis) FAR: 5.0 RBA: 61,585 sq. ft. permitted as-of-right Residential Units: 68 units permitted as-of-right Ward: 42nd Ward (Alderman Brendan Reilly) Tax ID Pin(s): 17-09-215-003, 004, 005 Taxes: 2017: $102,487.17 ($8.32 psf) 2016: $92,476.66 ($7.51 psf) 2015: $84,607.70 ($6.87 psf) 2014: $71,460.91 ($5.80 psf) 2013: $70,049.72 ($5.69 psf) Parking Lease: Currently leased to SP Plus Corporation under a mutually terminable lease agreement.
    [Show full text]
  • Streeterville Neighborhood Plan 2014 Update II August 18, 2014
    Streeterville Neighborhood Plan 2014 update II August 18, 2014 Dear Friends, The Streeterville Neighborhood Plan (“SNP”) was originally written in 2005 as a community plan written by a Chicago community group, SOAR, the Streeterville Organization of Active Resi- dents. SOAR was incorporated on May 28, 1975. Throughout our history, the organization has been a strong voice for conserving the historic character of the area and for development that enables divergent interests to live in harmony. SOAR’s mission is “To work on behalf of the residents of Streeterville by preserving, promoting and enhancing the quality of life and community.” SOAR’s vision is to see Streeterville as a unique, vibrant, beautiful neighborhood. In the past decade, since the initial SNP, there has been significant development throughout the neighborhood. Streeterville’s population has grown by 50% along with new hotels, restaurants, entertainment and institutional buildings creating a mix of uses no other neighborhood enjoys. The balance of all these uses is key to keeping the quality of life the highest possible. Each com- ponent is important and none should dominate the others. The impetus to revising the SNP is the City of Chicago’s many new initiatives, ideas and plans that SOAR wanted to incorporate into our planning document. From “The Pedestrian Plan for the City”, to “Chicago Forward”, to “Make Way for People” to “The Redevelopment of Lake Shore Drive” along with others, the City has changed its thinking of the downtown urban envi- ronment. If we support and include many of these plans into our SNP we feel that there is great- er potential for accomplishing them together.
    [Show full text]
  • Iconic Chicago Loop Retail
    ICONIC CHICAGO LOOP RETAIL Bank of America, Dunkin Donuts, AmeriCash Loans, Verizon W MADISON STREET 105 CHICAGO, ILLINOIS NET LEASE INVESTMENT OFFERING Table of Contents Bank of America, Dunkin Donuts, AmeriCash Loans, Verizon W MADISON STREET CHICAGO, ILLINOIS 105 - 1 - NET LEASE INVESTMENT OFFERING TABLE OF CONFIDENTIALITY & DISCLAIMER ................................. 3 CONTENTS: EXECUTIVE SUMMARY ......................................................... 5 Investment Highlights Property Overview FINANCIAL OVERVIEW ......................................................... 9 Rent Roll Cash Flow Projections PROPERTY OVERVIEW .........................................................12 Photographs Aerials Site Plan & Traffic/Pedestrian Counts Maps MARKET & TENANT OVERVIEWS .....................................19 Demographic Comparison Report Tenant Profiles Location Overviews Surrounding Attractions CONTACT DETAILS ...............................................................30 Contact Information W MADISON STREET 105 CHICAGO, ILLINOIS - 2 - NET LEASE INVESTMENT OFFERING Disclaimer Statement Bank of America, Dunkin Donuts, AmeriCash Loans, Verizon W MADISON STREET CHICAGO, ILLINOIS 105 - 3 - NET LEASE INVESTMENT OFFERING DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder STATEMENT: Group and should not be made available to any other person or entity without the written consent of The Boulder Group.
    [Show full text]
  • 2145 W Grand Avenue 68,000 Sf Available for Chicago, Illinois Sale
    2145 W GRAND AVENUE 68,000 SF AVAILABLE FOR CHICAGO, ILLINOIS SALE Building Size 68,000 SF (2-story) Site Size 0.73 acres (31,798 SF) Additional Land Site 0.22 acres (9,450 SF) Ceiling Height 15’0” 2 interior docks/2 drive in Loading doors Parking 9,450 SF landsite Zoning C3-2 26th Ward/Alderman Ward Roberto Maldonado 2017 Taxes $43,068 ($0.63/PSF) Asking Sale Price Subject to offer Property Highlights Excellent location in Chicago’s Kinzie Corridor Great visibility directly on Grand Avenue Clean and well-maintained building Surrounded by multiple public transportation options including Ashland Ave Green and Pink Line CTA stops, Metra Western Ave stop and bus stops 2 miles to I-90/94, 2.5 miles to I-290 & 2.9 miles to Downtown Chicago MATT COWIE COLIN GREEN LARRY GOLDWASSER, SIOR 225 West Wacker Drive Director Senior Director Executive Director Suite 3000 312 470 1872 312 470 2322 312 470 2323 Chicago, Illinois [email protected] [email protected] [email protected] cushmanwakefield.com Cushman & Wakefield Copyright 2019. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. 2145 W GRAND AVENUE CHICAGO, ILLINOIS Cushman & Wakefield Copyright 2019. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s).
    [Show full text]
  • Greektown Reektown Greektown Little Italy The
    N Lakeview Ave W Fullerton Pkwy W Belden Ave N Lincoln t S ed A t v e W Webster Ave als N Lincoln Park West N Stockton Dr H N C N annon Dr W Dickens Ave N W Armitage Ave N C S t o c lar k t k S o n N L N Cleveland Ave t D t r ak S W Wisconsin St e S ed t hor als H N N Orchard St N Larrabee St e D r W Willow St W Eugenie St W North Ave North/Clybourn Sedgwick OLD TOWN CLYBOURN t Pkwy S e k r t a la CORRIDOR t N C N C N S N Dearborn Pkwy N Wells St lyb ourn A 32 ve W Division St Clark/ Division 1 Allerton Hotel (The) 24 E Elm St E Oak St Hyatt Regency McCormick Place GOLD 701 North Michigan Avenue 2233 South Martin Luther King t E Walton St 8 S COAST 2 Amalfi Hotel Chicago 25 ed 35 InterContinental Chicago t E Oak St 12 als John Hancock E Delaware Pl 45 16 20 West Kinzie Street 505 North Michigan Avenue H N Michigan Ave t t E Walton St S N Observatory S Dr t 44 E Delaware Pl 26 e S 3 t Chicago Marriott Downtown JW Marriott Chicago k alle E Chestnut St r a E Chestnut St S t la a Magnifi cent Mile 151 West Adams Street N L N Orleans N L N C N Dearborn Pwky N S 37 E Pearson St 540 North Michigan Avenue ak W Chicago Ave Chicago Chicago 30 27 e S Langham Chicago (The) t 4 hor Courtyard Chicago Downtown S W Superior St 28 31 e 330 North Wabash Avenue v O’Hare e D Magnifi cent Mile International W Huron St 1 165 East Ontario Street 28 Airport W Erie St r MileNorth, A Chicago Hotel N Franklin 20 21 43 W Ontario St 5 166 East Superior Street ichigan A Courtyard Chicago Downtown N M W Ohio St 4 7 ilw River North 29 22 N M Palmer House Hilton auk W Grand
    [Show full text]
  • 150 North Wacker Drive
    Click here to view a brief video featuring 150 North Wacker Drive EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P. (“HFF”) Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to present the sale of the 100% fee simple interest in 150 North Wacker Drive (the “Property”) located in the heart of Chicago’s Central Business District’s (“CBD”) most desirable submarket, the West Loop. The 31-story office tower is located one block east of Chicago’s Ogilvie Transportation Center on Wacker Drive – the home to many of Chicago’s most prestigious firms. The Property, consisting of 246,613 rentable square feet (“RSF”), is currently 91.9% leased and offers a significant mark to market opportunity in a best-in-class location on Wacker Drive. The Property is easily accessible via three major highways and the Chicago Transit Authority’s (“CTA”) transit and bus system, yet is still located in one of the most walkable areas of the city. Given the extensive common area renovations and recent leasing momentum, 150 North Wacker is a truly unique investment opportunity to acquire a rare asset with a premier Wacker Drive address and significant upside potential. KEY PROPERTY STATISTICS Location: 150 North Wacker Submarket: West Loop Total Rentable Area: 246,613 RSF Stories: 31 Percent Leased: 91.9% Weighted Average Lease Term: 4.0 Years Date Completed/Renovated: 1970/2002/2015 Average Floor Plates: 9,300 RSF Finished Ceiling Height: 8'9'' Slab to Slab Ceiling Height: 11'8'' Architect: Joel R. Hillman Parking: 134 Parking Stalls; Valet facilitates up to 160 Vehicles Transit Score: 100 Walk Score: 98 2 EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS NO.
    [Show full text]
  • VILLAGE of OAK LAWN PLANNING & DEVELOPMENT COMMISSION Monday, September 17, 2018 Meeting Minutes #2018-11 I
    VILLAGE OF OAK LAWN PLANNING & DEVELOPMENT COMMISSION Monday, September 17, 2018 Meeting Minutes #2018-11 I. ROLL CALL: Meeting called to order at 7:30 p.m. A. Chairman: Rich Piazza B. Members: Bill Lundy (ABS) Tom Duhig Pina Paruta Matt Egan James Pembroke Hasan Kishta Rich Piazza William Kushnerik Vernon Zumhagen C. Staff: Jack Gallagher, Village Engineer / Director Kevin Casey, P&DC Attorney Kevin McGuinness, Village Planner Dee Adasiak, Recording Secretary II. PLEDGE OF ALLEGIANCE: The Pledge of Allegiance was led by Commissioner Piazza. III. APPROVAL OF PRIOR MEETING MINUTES: A motion was made by Commissioner Duhig to approve the Regular Meeting Minutes #2018-10 dated August 20, 2018. The motion was seconded by Commissioner Pembroke. Roll call: Kushnerik, yes; Kishta, abstain; Egan, abstain; Duhig, yes; Zumhagen, yes; Piazza, abstain; Pembroke, yes; Paruta, abstain. Motion to approve passes: 4-0-4. The Oath was administered by Chairman Piazza. IV. VARIATIONS: A.) Pet. #2018-26 – Request for Living Space above a Garage Variation at 5450 Edison Ave., Eduardo Vazquez, petitioner (returning) Mr. Gallagher explained that the petitioner withdrew his petition request. He added that the petitioner is in compliance with Building permits. A motion was made by Commissioner Zumhagen to discuss Pet. #2018-27, Pet. #2018-29, Pet. #2018-30, Pet. #2018-28 together and to open the Public Hearing. The motion was seconded by Commissioner Pembroke. Roll call: Paruta, yes; Pembroke, yes; Piazza, yes; Zumhagen, yes; Duhig, yes; Egan, aye; Kishta, aye; Kushnerik, yes. Motion passes. The Public Hearing opened at 7:35 p.m. Pet. #2018-27 – Request for Site Plan Approval, Landscape Setback and Stall Length Variations at 4031 W.
    [Show full text]
  • Developed by Contents
    DEVELOPED BY CONTENTS NEIGHBORHOOD The West Loop 06 Fulton Market 08 Map 10 Access 12 NEIGHBORS Offi ces 14 Dining 18 Hospitality 22 Entertainment & Arts 23 Residents 24 Demographics 25 SPACE Overview 26 First Level Retail 28 About McCaffery Interests 29 3 4 5 THE WEST LOOP Once a Marketplace, Always a Marketplace Bounded by Ashland Avenue to the West, the Chicago River to the East, the Eisenhower Expressway to the South and Grand Avenue to the North, the West Loop has played a key role in making Chicago an economic powerhouse. Originally home to the city’s bustling wholesale market district, several of the West Loop’s charismatic warehouses continue to market and distribute food goods today, while neighboring thoroughfares are being revitalized to refl ect and foster the urban life, culture and energy for which this historic area is known. 6 7 FULTON MARKET Dynamic Day & Night Destination At the heart of the West Loop is Fulton Market. The proximity of this quiet, westbound avenue to the city’s nineteenth century rail and stock yards positioned it as a vital hub of Chicago’s growing food enterprises. Wide sidewalks increase walkability and offer opportunities for outdoor dining, parklets and window shopping. Nearby public transportation, bike- sharing stations, and multiple interstate connections makes the area highly accessible by foot, train, bike or car. Just blocks off of Randolph Street’s in-demand “Restaurant Row” and minutes from Chicago’s hip Greektown neighborhood, Fulton Market is at the center of this 24/7 district. ©John8 Joh
    [Show full text]