Planned Loop Tower Two Stories Shorter, and 40% Closer to Reality
It’s been a year and a half since Crain’s Chicago Business let the cat out of the bag about 50 East Randolph Street. Back then, the Thomas Roszak proposal was expected to replace a grungy parking garage with what was speculated to be a 27-story residential tower. Our guess was 35 to 40 stories, and we were totally wrong. May 2019 rendering of 50 East Randolph (Courtesy of the Office of Alderman Brendan Reilly) Forty-second...
LaSalle Street S.R.O. Reopens, Makes 0.001% Dent in Chicago’s Housing Crisis
Nine months after we reported that the Carling Hotel at 1512 North LaSalle Street was being renovated, the S.R.O. is open once again. The City of Chicago bought the rooming house for $10 million using money from its 2014 S.R.O. Preservation Initiative and the Affordable Housing Opportunity Fund. The property was then sold to Michaels Development for $3.8 million, which pledged to put $27 million worth of improvements into it....
