Former CPS building in Uptown turned into apartments

A former school building in Uptown has been fitted out with 64 apartments that will begin leasing to tenants March 16. Built in 1905, the former Graeme Stewart School on Kenmore Avenue was designed by Dwight Perkins, who at the time was the Chicago Board of Education’s chief architect. He also designed Schurz and Lane…
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$146M redevelopment of vacant Ann Arbor site approved by 7-4 vote

ANN ARBOR, MI – After hearing a mix of opinions from several residents, the Ann Arbor City Council debated a proposed redevelopment of 1140 Broadway St. late into the night. By a 7-4 vote Monday night, Dec. 4, the council approved the $146 million development project, which includes more than 600 housing units — apartments…
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Highwood apartments trade for $40 million

A San Francisco real estate investor continued its recent spending spree in the Chicago area with the purchase of a $40 million suburban apartment complex, adding to what will likely be a record year of sales for the asset class. Continue….

New development in the works for Ann Arbor’s long-vacant Lower Town site

A new mixed-use development is in the works for 1140 Broadway St. in Ann Arbor. Developer Ron Mucha of Morningside USA has plans to redevelop the vacant 6.4-acre site along Broadway and Maiden Lane with a mix of residential and retail uses in three buildings ranging from one to seven stories. The project is expected…
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Menard’s Parent Pays $68 Million for Mariano’s Anchored Center

A venture of Menards’ parent paid more than $68 million for a Northbrook shopping center, but the home improvement chain isn’t expected to have a store there. Rather, the venture of Menard will collect rent from retailers in fully leased NorthShore 770, which is anchored by a Mariano’s grocery store. continue…

A Luxury Apartment Boom in the Suburbs

Renters in the suburbs have a lot more options these days: Nearly 3,000 units went up in 2016. That’s twice as many as the year before and the highest number since 1997, says Ron DeVries, vice president of Appraisal Research Counselors. What’s fueling the boom? A decade ago, surrounding towns favored building condos. But the…
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Stewart School Sold, Residential Units Coming As Construction Begins: Ald.

Uptown residents walking along Kenmore Avenue on Thursday will notice the playground at the former Graeme Stewart School has vanished. The former school building at 4525 N. Kenmore Ave. was officially sold Thursday to Morningside USA, according to Ald. James Cappleman (46th). “This development will be in 3 different phases, with the first phase focused…
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Four New Restaurants Striving to Compete in NorthShore 770

Norrthbrook’s newest shopping center has four restaurants gearing up to compete, but one of them, at least so far, doesn’t seem to need much marketing. “Before we were open, when we were still under construction, we put up ‘coming soon’ signs, and blocked the door with wooden pallets,” Paul Cwik, assistant manager of the new…
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Morningside’s David Strosberg on building a home right after college and what he says is his ultimate ‘dream’

Morningside president and CEO, David Strosberg, knew he was going to end up in the industry one way or another. A self-starter since his teenage years, Strosberg was determined to take on some challenging, yet remarkably impressive projects that he started on his own in high school. In a Q & A, Strosberg lets IREJ in on how…
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Build A Better Burb – Wheaton 121

Wheaton 121, a new apartment complex in Wheaton, IL, is attempting to redefine suburban living in both form and function. Unlike most sprawling residential developments that are centered around single-family homes and car commuting, Wheaton 121 promotes a new model of an urban lifestyle in an upscale suburban setting—with all of the walkability, access to…
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