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Affordable HousingDevelopmentIllinoisMidwestMultifamily

Habitat Opens First Multifamily Building at $200M Ogden Commons Development in Chicago

by Kristin Harlow

CHICAGO — Chicago-based developer and property manager Habitat has opened OC Living, the first multifamily building at the $200 million Ogden Commons mixed-use development in Chicago’s North Lawndale neighborhood. Located at 1325 S. Washtenaw Ave., OC Living consists of 92 units, 90 percent of which are affordable. The four-story building features a mix of 23 studios, 60 one-bedroom units and nine two-bedroom apartments. Amenities include a rubber-surfaced children’s lot with play structures, bike racks, a walking path, landscaped lawn, 110 parking stalls, a package room, resident lounge, fitness center and social services offices. Developed by Habitat along with Sinai Health System, Alecko Capital and the City of Chicago, Ogden Commons is among the city’s largest opportunity zone projects. Upon full build-out, the development will consist of 120,000 square feet of commercial and retail space along with more than 350 mixed-income housing units. The first phase of Ogden Commons was a 45,000-square-foot commercial building completed in 2021 that is home to Sinai Health System’s One Lawndale Express Care Clinic, a Wintrust Bank branch, La Catedral Café & Restaurant and Momentum Coffee. The second phase is slated for completion by 2026. McHugh Construction and Bowa Construction are the general contractors. Bank of …

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DevelopmentIllinoisMidwestOffice

Skender Tops Out Construction of 409,000 SF Office Building in Chicago’s Fulton Market

by Kristin Harlow

CHICAGO — Skender has topped out construction of 919 W Fulton, an 11-story office building totaling 409,000 square feet in Chicago’s Fulton Market. Developed by Fulton Street Cos. and JDL Development, the project is slated to open in 2025. Amenities will include several outdoor terraces, a rooftop lounge and bar, several conference and coworking spaces, and a fitness center. Notable tenants will include Chicago-based real estate investor Harrison Street Real Estate Capital and a first-floor restaurant from the Gibsons Restaurant Group. Financial backing for the project was secured through strategic partnerships with Bank of the Ozarks and Manulife. SNK Capital, led by Shanna Khan, is the lead equity investment partner. Fitzgerald Associates is the architect of record, with Morris Adjimi Architects providing the initial design. Thornton Tomasetti is the structural engineer, Eriksson is the civil engineer, Syska Hennessy Group is the mechanical, electrical and plumbing engineer and Site Design Group Ltd. Is the landscape architect.

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AcquisitionsIllinoisIndustrialMidwest

Stream Realty Partners Acquires 599,988 SF Industrial Portfolio in Metro Chicago

by Kristin Harlow

BUFFALO GROVE, CHICAGO AND MOKENA, ILL. — Stream Realty Partners has acquired a four-building industrial portfolio totaling 599,988 square feet of Class A space in metro Chicago for an undisclosed price. The assets include: Asbury Drive, a 157,000-square-foot building in Buffalo Grove; Rockwell Logistics Center, a 174,262-square-foot property in Chicago; and Mokena Logistics I and II, two buildings totaling 268,226 square feet in Mokena. The portfolio is fully leased to seven tenants. Patrick Russo, Mustafa Ali and Ben Harrison facilitated the acquisition for Stream on an internal basis. Ryan Bain, Michael Caprile, Zach Graham, Judd Welliver, Bentley Smith, Joe Horrigan and Victoria Gomez of CBRE brokered the sale. Local brokers Whit Heitman, Sam Badger, Larry Goldwasser and Terry Grapenthin assisted on the transaction.

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DevelopmentIllinoisMidwestMultifamily

Wingspan Development Begins Preleasing Efforts for The Dawson Apartment Complex in Suburban Chicago

by Kristin Harlow

MOUNT PROSPECT, ILL. — Wingspan Development Group has begun pre-leasing efforts for The Dawson, a seven-story apartment complex in the Chicago suburb of Mount Prospect. The transit-oriented development is located across the street from the Mount Prospect Metra station as well as Wingspan’s Maple Street Lofts. The Dawson offers 64 units ranging in size from 668 to 1,217 square feet. Monthly rents start at $2,000. First residents are expected to move in later this summer. Amenities include a resident lounge with complimentary coffee station, community kitchen, package room, indoor parking, bike storage and a fitness center. A second-floor outdoor terrace includes a grilling area, fire pits and seating options. The design team included Studio 222 Architects, Eleni Interiors and Gold + Oak.

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DevelopmentIllinoisIndustrialMidwest

Invenergy Breaks Ground on $30M Center of Excellence in Suburban Chicago

by Kristin Harlow

BOLINGBROOK, ILL. — Chicago-based Invenergy, a privately held developer, owner and operator of sustainable energy solutions, has broken ground on its Center of Excellence, a $30 million clean energy training and manufacturing facility in the Chicago suburb of Bolingbrook. Located at 790 Remington Blvd., the property will total 135,000 square feet and is slated to open in the fourth quarter. The build-out of the site will employ over 250 local construction workers. The Center of Excellence will be comprised of four main components: a 35,000-square-foot machine shop designed to refurbish and assemble key clean energy components; a 30,000-square-foot central warehouse to manage and store infrastructure, including long-lead wind turbine and solar components; a 35,000-square-foot training center and learning lab with the capacity to support over 1,300 clean energy trainees annually; and a 20,000-square-fot generation control center to monitor and control Invenergy’s energy generation assets.

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DevelopmentIllinoisMidwestMixed-Use

Crown Community Development Submits Plans for 760-Acre Mixed-Use Project in Sugar Grove, Illinois

by Kristin Harlow

SUGAR GROVE, ILL. — Crown Community Development (CCD) has submitted its formal land development application to the Village of Sugar Grove for The Grove, a 760-acre, master-planned mixed-use project. Plans call for several housing options, a town center, over 200 acres of open space, public amenities and a variety of commercial uses. The Grove is proposed for land surrounding the I-88 and Route 47 interchange, about 45 miles west of Chicago. Named after the maple trees scattered across Sugar Grove, the new proposal for The Grove is the result of re-envisioning the plan CCD presented to the village in 2019 for the same parcel of land. The new plan includes an increase in green space and the preservation of existing tree groves, which were based on public feedback from community meetings held by CCD in 2023. As part of the land development application for The Grove’s updated master plan, which covers zoning, subdivision and annexation, CCD is proposing Planned Development District (PDD) zoning that will accommodate uses that meet market and community needs. Proposed land uses via the PDD zoning for The Grove include: multiple residential areas offering a variety of housing options, from single-family homes and active adult living …

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IllinoisLeasing ActivityMidwestRetail

Cushman & Wakefield Negotiates 30,000 SF Lease for First Padel Location in Chicago

by Kristin Harlow

CHICAGO — Cushman & Wakefield has negotiated a 30,000-square-foot lease on behalf of Padel Chicago LLC for the first padel location in the city. Padel combines the elements of tennis, squash and pickleball. The property is located at 219 N. Paulina St. Chip Evans of Cushman & Wakefield represented the main investors, Lakeshore Sport & Fitness and Fabian Gosselin, in lease negotiations with the building owner, Walnut Street Properties. Lakeshore Sport & Fitness owns and operates large, multi-sport facilities. Gosselin is a Chicago venture-capital investor whose family has owned and operated a global hospitality and restaurant company for three decades. The Chicago padel facility, slated to open in the first quarter of 2025, will feature five indoor courts. Amenities will include private member lounges, locker rooms, coworking space and a coffee shop and bar.

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AcquisitionsIllinoisMidwestRetail

Quantum Brokers $8.5M Sale of Retail Center in St. Charles, Illinois

by Kristin Harlow

ST. CHARLES, ILL. — Quantum Real Estate Advisors Inc. has brokered the $8.5 million sale of a 47,000-square-foot retail center in St. Charles, about 40 miles west of Chicago. At the time of sale, the property was 97 percent leased to Syrup, Consume Cannabis, CD One Price, La Huerta Market and other local and national tenants. Brett Berlin of Quantum represented the seller, an Illinois-based developer. The buyer was a private group of investors based in Illinois and New Jersey.

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CivicDevelopmentIllinoisMidwest

Brookfield Zoo Chicago Unveils $500M Renovation Plan

by Kristin Harlow

CHICAGO — Brookfield Zoo Chicago has unveiled its “Next Century Plan” that will reshape more than 100 acres, representing nearly half of the zoo’s existing property. The zoo has outlined a 15-year campus plan in four phases, with further improvements projected over 30 years. Plans call for new, immersive experiences with the preservation of historical structures and includes nearly all existing zoo areas. The zoo also plans to expand its current property westward. The investment is expected to reach $500 million from public and private funding. The first phase of the project is underway and includes completed projects such as the $10 million renovation of the Seven Seas dolphin habitat, reimagining of the Theodore Roosevelt Memorial Fountain, new animal habitats within the Hamill Family Nature Plaza and the opening of the Philip W. K. Sweet Jr. Animal Care and Conservation Center. Culminating the end of Phase I is Tropical Forests, a $66 million project underway that creates four new outdoor habitats crafted to emulate the natural homes of gorillas, orangutans and monkeys. Tropical Forests, set to open in 2025, also includes a new Gorilla Conservation Center. Architectural and planning teams for the project include Booth Hansen, Jones & Jones Architects …

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DevelopmentIllinoisMidwestOffice

Skender Completes 100,000 SF Interior Build-out for Relativity Office Headquarters in Chicago

by Kristin Harlow

CHICAGO — Skender has completed interior construction of a 100,000-square-foot office headquarters for software developer Relativity in Chicago. The new workspace spans the 19th and 20th floors plus dedicated terrace space on the 23rd floor of the Central Standard Building at 231 S. LaSalle St. The space features a mix of private offices, open workstations, meeting rooms, lounge spaces, pantry areas and a boardroom. The build-out included the addition of an interconnecting staircase with stadium-style seating for townhall meetings as well as the installation of three gas fireplaces, a golf simulator, putting green, massage chairs and a giant video wall. The terrace features a gas firepit, two water features and audiovisual (AV) and lighting for events. The project team included CBRE as project manager, Partners by Design as architect, Syska Hennessy Group as engineer and TM Technology Partners as low voltage/AV designer.

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