CHICAGO | Golub South Loop Apts - 9th & State | 39 fl | Pro

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Height: N/A
Floor count: 39
Location: 9th and S.State St.
Neighborhood: South Loop
Construction end:
Architect:
Developer: Golub & Co.



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From: http://www.chicagorealestatedaily.co...partment-tower

Golub plans South Loop apartment tower

By: Alby GallunNovember 08, 2011

(Crain’s) — Chicago developer Golub & Co. has agreed to pay about $6 million for a city-owned South Loop property where it wants to build a 35-story, 392-unit apartment tower.

The $111-million project at the southeast corner of Ninth and State streets is the latest entrant in a downtown apartment boom spurred by rising occupancies and surging rents. Developers this year have already broken ground on seven downtown apartment towers comprising more than 2,800 units.

The Chicago Community Development Commission is set to consider the sale of the South Loop property to Golub at a meeting Tuesday afternoon.

[...]
Read more: http://www.chicagorealestatedaily.co...#ixzz1dSRrktbj
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[spyguy]

There is a rendering:

[desertpunk]

^
Do you have a link to that image?

[spyguy]

http://www.chicagorealestatedaily.co...tem=1,NewTbl=1

Crain's: Planned Apartments


Golub & Co. plans a 396-unit apartment building at the corner of Ninth and State streets. The Chicago developer expects to start construction on the $121 million South Loop project in fourth-quarter 2013.

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City Council Approves Sale Of Parking Lot Clearing The Way For Golub & Co's Planned 39-Story Apartment Tower

April 10, 2013

A City-owned parking lot in the South Loop will be redeveloped into a 39-story apartment tower through a land sale approved today by City Council.

The 39,000-square-foot site on the southeast corner of 9th and State streets will be sold for $6 million to Ninth St. Investors LLC, the successful respondent to a request for proposals (RFP) issued by the City in 2010. The goal of the RFP was to foster the site’s redevelopment with a high-quality, mixed-use building containing ground-floor retail uses and on-site parking.

The $111 million tower designed by SCB Architects will include 396 market-rate rental units, 9,500 square feet of ground floor retail space, and four levels of parking for at least 248 cars.

As a requirement of the proposed sale, the developer will pay $4 million into the City’s Affordable Housing Opportunity Fund. The fund assists with the construction of affordable housing developments throughout the city.

The complex will create more than 50 full-time building operations and retail jobs and more than 300 temporary construction jobs. Construction will begin in 2014.