Almost exactly a year after Crain’s Chicago Business speculated it might happen, the Insurance Center Building (330 South Wells Street) is flipping from office to residential use.
330 South Wells (via Apple Maps)
The 16-story building was purchased a year ago by a unit of Marc Capital Realty for $10 million. But it won’t stay 16-stories for long.
The City of Chicago has approved plans to add a 17th floor onto the building. This will serve as common space for the new residents of the building, which will eventually have 132 studio apartments.
Location: 330 South Wells Street, The Loop
Editor founded the Chicago Architecture Blog in 2003, after a long career in journalism. He can be reached at chicagoarchitectureinfo@gmail.com.
