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Old May 18th, 2010, 09:05 PM   #2081
Mr Downtown
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Seems like it would be a good property for the Archdiocese of Chicago to operate as a parochial high school. Or for something like Loyola Academy Downtown. But of course that would provide a low sales price and no property tax revenue.
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Old May 19th, 2010, 09:23 PM   #2082
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Seems like it would be a good property for the Archdiocese of Chicago to operate as a parochial high school. Or for something like Loyola Academy Downtown. But of course that would provide a low sales price and no property tax revenue.
I have heard possibly a junior high or another elementary to help with the overcrowding at south loop school.

This may be too close to St. Ignatius (about 2 miles) for the archdiocese to get a good draw, but that school is extremely tough to get into (about the 90th percentile or better if there is no "loyalty") - so maybe just the "rejects" will be enough of a draw. Plus with St. Mary's expanding, maybe there will be the demand. But that is hard to justify with some of the other catholic schools struggling.

But I doubt another Jesuit school like Loyola Academy will open downtown with Cristo Rey, Christ the King, and Ignatius within the City limits.

BUT if the voucher program goes through (as anticipated after the November elections), the enrollment for the archdiocese is expected to go through the roof.
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Old May 26th, 2010, 04:52 PM   #2083
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Hopefully something better than Park 1000 comes out of this

http://www.chicagorealestatedaily.co...ws.pl?id=38370

Auction ordered for development site near Grant Park
By Alby Gallun, May 26, 2010


A South Michigan Avenue development site that would have been a hot commodity during the condominium boom is being sold in a court-ordered auction more than two years after a lender filed to foreclose on the property.
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Old June 4th, 2010, 10:37 PM   #2084
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^Apparently. The plan is supposed to be for the Board of Ed to sell off the current Jones site for redevelopment, but at the last minute they'll probably decide they need it for teacher parking, or worse, bring it to market at the bottom of a cycle and it'll become a one-story Office Depot or something.
This is OK as a temporary solution because no new residential will be built here for some time and this will minimize disruptions for the school. But otherwise, ugh.

http://www.gazettechicago.com/index/...-fall-of-2013/

New building for Jones by fall of 2013
By Marie Balice Ward


Although Chicago Public Schools (CPS) officials have scrapped plans to demolish the Jones College Prep building at 606 S. State St., the school will move to a new facility immediately south of its current site by fall 2013. The new building will accommodate 1,200 students
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Old June 9th, 2010, 04:57 PM   #2085
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New building for Jones by fall of 2013
By Marie Balice Ward


Although Chicago Public Schools (CPS) officials have scrapped plans to demolish the Jones College Prep building at 606 S. State St., the school will move to a new facility immediately south of its current site by fall 2013. The new building will accommodate 1,200 students
The wording there is confusing. CPS hasn't scrapped plans to demolish the Jones building. What they have scrapped is a design for the new building to be built in part on the existing Jones school footprint. The prior plan had Jones relocating for a year of construction. The new plan has them building the new Jones entirely within the footprint of the current surface parking lot. Once the new building is up, the current thinking is the old building will be demolished.
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Old June 22nd, 2010, 07:26 AM   #2086
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Has anyone heard anything about the Roosevelt Collection lately? Specifically if there's been any new retail activity or why the park by the elaborate staircase hasn't been built yet.
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Old June 24th, 2010, 09:07 PM   #2087
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Has anyone heard anything about the Roosevelt Collection lately? Specifically if there's been any new retail activity or why the park by the elaborate staircase hasn't been built yet.
Same answer for both, no money. The developer is seeking TIF dollars to finish space so he can offer it for lease.
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Old July 14th, 2010, 10:06 PM   #2088
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Illinois Center for Broadcasting
530 S State


(Images from website)
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Old July 14th, 2010, 10:30 PM   #2089
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^ That's a great location to put this new campus, with all those students walking around.

The south loop is becoming quite the education incubator...
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Old July 21st, 2010, 06:48 AM   #2090
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http://www.chicagobusiness.com/cgi-b...rticleId=33684

Matthew Pritzker tests wings with investments in real estate, movies and more
By: Steven R. Strahler July 19, 2010


...In a deal from the Pritzker playbook, a venture linked to him paid $17.6 million for a foreclosed site at 830 S. Michigan Ave., where a condominium project fell through.

..."Most of the properties that I have will involve some form of upgrade or construction," says Mr. Pritzker, who is single and rich enough to bank land during a slow recovery and then cash in by flipping or developing it. He says the vacant 36,000-square-foot Michigan Avenue site remains slated for condos.
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Old July 21st, 2010, 06:22 PM   #2091
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http://www.chicagobusiness.com/cgi-b...rticleId=33684

Matthew Pritzker tests wings with investments in real estate, movies and more
By: Steven R. Strahler July 19, 2010


...In a deal from the Pritzker playbook, a venture linked to him paid $17.6 million for a foreclosed site at 830 S. Michigan Ave., where a condominium project fell through.

..."Most of the properties that I have will involve some form of upgrade or construction," says Mr. Pritzker, who is single and rich enough to bank land during a slow recovery and then cash in by flipping or developing it. He says the vacant 36,000-square-foot Michigan Avenue site remains slated for condos.
very good news... there's a chance that pritzker might even hire a decent architect...
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Old July 29th, 2010, 03:05 AM   #2092
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http://www.chicagorealestatedaily.co...ws.pl?id=39012

Parcel near Grant Park auctioned for less than half its debt
By Alby Gallun, July 28, 2010


...An affiliate of First American Bank prevailed in the auction of the vacant property at 1000 S. Michigan Ave., with a winning bid of $11.3 million, less than half the $25.3 million the Elk Grove Village-based lender is owed on the site, says auctioneer Rick Levin, whose firm conducted the sale.
---

http://www.chicagojournal.com/News/0...g_for_new_park

Wheels start turning for new park
By MICAH MAIDENBERG


The real estate firm that put up the Roosevelt Collection project and the Chicago Park District are negotiating over the contours of a new park in the South Loop, representatives from both organizations have confirmed.
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Old August 3rd, 2010, 12:50 AM   #2093
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The Plymouth (dorms, 20 units)
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Old August 4th, 2010, 12:15 AM   #2094
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^I ♥ adaptive reuse.
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Old August 6th, 2010, 12:04 AM   #2095
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^I ♥ adaptive reuse.
I ♥ Printers Row.
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Old August 9th, 2010, 07:02 AM   #2096
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The Plymouth (dorms, 20 units)
anyone know the status of the building just to the north of this one on dearborn? wasn't this planned to be converted to dorms?
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Old August 9th, 2010, 07:03 PM   #2097
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^ Oh my God, PRB, where will they park?

20 dorms=40 parking spots BADLY needed! Call the fire department! Disaster is looming! Where will Grandma park on Thanksgiving?? Oh the HUMANITY!!!!!!

Just poking fun. Sorry, the forums have been particularly dull lately...
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Old September 24th, 2010, 04:54 AM   #2098
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Board OKs $111 mil. site for new Jones Prep

September 23, 2010
BY ROSALIND ROSSI Education Reporter/[email protected]

Despite tight budget times, a new $111 million school building would replace the current elite Jones College Prep under a plan approved Wednesday that raises new questions about the future of the existing South Loop building.

The new Jones College Prep is slated to rise eight stories high just south of the old one on land once occupied by the Pacific Garden Mission at 646 S. State.

With neighborhood kids not guaranteed seats in a college prep, Ald. Bob Fioretti (2nd) revealed Wednesday that he wants to explore converting the current Jones building into a high school for neighborhood students. Fioretti contends the South Loop will eventually have enough teens to support a neighborhood high school.

Another idea is to turn the current Jones into a selective-enrollment school for roughly 800 high-achieving seventh- and eighth-graders, Jones Principal Joseph Powers said.

That plan is "speculative," Powers said, but "I believe . . . CPS sees the value of keeping a building that's a ready-made school in the downtown area."

CPS spokeswoman Monique Bond said current plans call for the new Jones to house 900 "selected enrollment" students and 300 "neighborhood'' ones, although she could not explain how local kids would be admitted.

Back in 2004, CPS officials had planned to place a $20 million addition to Jones on the Pacific Garden Mission site to hold those elements missing from Jones, such as a library and fitness center. Powers said by the time he became principal in 2008, officials were discussing constructing a whole new school for 1,200 kids, rather than just an addition.

Currently, he said, Jones rents fitness space nearby and uses a gym five miles away at a former school.

Bond said the new Jones would be bankrolled with tax-increment financing dollars.
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Old September 30th, 2010, 02:52 AM   #2099
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http://www.chicagorealestatedaily.co...oop-site-buyer

Judgment clears way for D2 Realty to find South Loop site buyer
By: Alby Gallun September 29, 2010


The owner of a prime 1.6-acre parcel just four blocks south of the Willis Tower plans to put the site back on the market after winning a lawsuit against an Irish developer that backed out of a contract to buy the property last year.
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Old September 30th, 2010, 06:02 PM   #2100
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^ I hope that is very promising news... (:whispers: skyscrapers :whispers
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