An old commercial building in the NoMiSoRi (North Michigan South of the River — pronounced “No Misery”) micro-neighborhood is in play again.
The former retail and office building that was most recently a Walgreens, but originally constructed as a warehouse, has been the subject of this kind of talk before. Especially after The John Buck Company and bKL Architecture took a nearly identical space a block south and turned it into the MiLa residential tower.
The latest word of movement comes from the Chicago Tribune, which reports that local developers Sterling Bay and Magellan Development have teamed up with money from Chinese auto parts manufacturer Wanxiang Group to erect an apartment tower that the newspaper describes only as “big.”
How big is “big?” Word on the street from people who are in a position to make an educated guess is in the 40 to 50-story range, similar to the stature of MiLa.