Another Vintage Loop Office Building Goes Residential, Gets Taller
Aug28

Another Vintage Loop Office Building Goes Residential, Gets Taller

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. The 16-story building was purchased a year ago by a unit of Marc Capital Realty for $10 million. ┬áBut it won’t stay 16-stories for long. The City of Chicago has approved plans to add a 17th floor onto the building. ┬áThis will serve as common...

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Another Office Building Conversion Possible: Crain’s
Aug29

Another Office Building Conversion Possible: Crain’s

The sale of a vintage Loop office building could mean more apartments for downtown Chicago, speculates Crain’s Chicago Business. The paper reports that a unit of Marc Realty Capital recently paid more than $10 million for 330 South Wells Street, also known as the Insurance Center Building. It’s on the northwest corner of Wells and West Van Buren Street. No one from Marc Realty would talk to Crain’s about it, but...

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