Groundbreaking For New South Loop Residential Tower
Feb27

Groundbreaking For New South Loop Residential Tower

In cities these days, trains are one of those “If you build it, they will come” amenities.  Case in point: The new residential tower that just broke ground a block from the CTA’s Green Line Cermak/McCormick Place station. Rendering of 2111 South Wabash (Courtesy of Draper and Kramer) The 24-story building is an SCB design for Draper and Kramer located at 2111 South Wabash Avenue.  When complete, the tower will bring 275 new homes to...

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New Lake Shore Drive Building Almost Ready To Stun New Residents
Feb12

New Lake Shore Drive Building Almost Ready To Stun New Residents

If you like the idea of having a Gold Coast address right across the street from Lake Michigan, but don’t want to live someplace someone else has, your opportunity is here. Pre-leasing has begun for 61 Banks Street, so you can pre-live there until the building opens. Rendering of 61 Banks Street (Courtesy of Draper and Kramer) The eight-story building at 61 East Banks Street replaces a surface parking lot on the last empty Lake...

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Banking on a Lake View in Chicago’s Gold Coast
Jul05

Banking on a Lake View in Chicago’s Gold Coast

If you’ve been using your Independence Day week off to get in a bit of cycling along Chicago’s lakefront path, you might have wondered about the low-rise building going up on the corner of Lake Shore Drive and Banks Street.  What you saw is 61 Banks Street (61 East Bank Street), a hyperluxe apartment building designed by the West Loop’s Booth Hansen for Draper and Kramer. Joe Zekas over at YoChicago! flew by in Air...

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The Last Empty Lakeshore Lot in Downtown Chicago Gets Filled In
Jan08

The Last Empty Lakeshore Lot in Downtown Chicago Gets Filled In

The official groundbreaking has been marked for 61 Banks Street, a new residential mid-rise that will rise midly on the corner of East Banks Street and North Lakeshore Drive in Chicago’s Gold Coast neighborhood.  This was the only open, developable land along the lakefront between the Chicago River and Diversey Harbor. The new apartment block is a project of Draper and Kramer, and designed by Booth Hansen in the West Loop.  It...

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First Steps Toward Redeveloping the Reese Hospital Site; Several Million to Go
Jun05

First Steps Toward Redeveloping the Reese Hospital Site; Several Million to Go

The City of Chicago has taken the first baby steps forward in its effort to transform the former Michael Reese Hospital site into something more than a scar on the lakefront. Mayor Rahm Emanuel made the announcement late last week with a roll-call list of companies that will be in charge of the project, including… Farpoint Development Draper & Kramer Chicago Neighborhood Initiatives McLaurin Development Partners Bronzeville...

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North Lake Shore Drive Gap to be Modestly Filled
Mar15

North Lake Shore Drive Gap to be Modestly Filled

Pop quiz time. Question: How many non-park undeveloped spaces are there along North Lake Shore Drive between the Chicago River and Diversey Harbor? Answer: One.  The surface parking lot at 69 East Banks Street.  But hopefully not for long. Chicago multi-disciplinary real estate octopus Draper and Kramer has added the surface parking lot to its list of “Active Projects.”  Except, instead of keeping it a craptastic...

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New Green Line Station Attracts New South Loop Apartment Tower
Sep23

New Green Line Station Attracts New South Loop Apartment Tower

Just as the CTA Blue and Brown lines attract development on the North Side, the new Green Line Cermak/Chinatown has drawn a proposal seeking to take advantage of Chicago’s new Transit Oriented Development ordinance. The proposal was made public at a community event last night hosted by 3rd Ward Alderman Pat Dowell.  The developer is the South Side’s own Draper & Kramer. It’s asking the city for a zoning change at...

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