Stalled Old Town condo project moving forward with new developer
Loop North News

Google Street View

(Above) Google Street View from last October of the southwest corner of North Avenue & Clark Street near the confluence of the Gold Coast, Lincoln Park, and Old Town neighborhoods.

Stalled Old Town condo project moving forward with new developer

11-May-17 – Elly’s will soon serve its last pancake. A half-acre in the southwest corner of North Avenue & Clark Street, south of Lincoln Park, has been sold to a partnership that will build a luxury condominium on the site.

Chicago-based Golub & Company, a real estate developer, and Avoda Group, an investment firm, announced the purchase on May 4. The partnership includes CIM Group, a real estate management company based in Los Angeles that recently developed Marquee at Block 37, an apartment complex in the Loop.

The condo will be a ten-story brick and stone building designed by Chicago architects Solomon Cordwell Buenz. It will offer views of Lincoln Park, Lake Michigan, Chicago History Museum, and The Moody Church, protected by air rights the partnership owns over low-rise buildings in the neighborhood.

101 North No zoning variances will be needed, thanks to a previous, failed proposal that nonetheless received city approval for a luxury mid-rise condominium. 101 North (left) was proposed in 2015 as a 48-unit high-end condo.

According to Golub & Company, the new project will be “the first noteworthy development overlooking [Lincoln] Park in nearly a decade.”

“Our intention is to build an exceptional building that benefits from the abundance of light and views, and redefines this location,” said Michael Newman, President and CEO of Golub & Company. He says a design will be unveiled this summer.

Inside Publications assisted with this story.

By Steven Dahlman | Loop North News |

Published 11-May-17 3:03 AM

Loop North News


What’s news in the Loop and Near North neighborhoods of downtown Chicago.

Signup for our weekly email. No ads and no charge. Just enter your email address here...

Number of subscribers:
See this week’s update

More stories

Annual Meeting of Midwest High Speed Rail Association. An informative event for high-speed rail enthusiasts, urban planners, architects, real estate professionals, students, travelers, civic-and-community-minded individuals. Engage with industry leaders from rail, transit, construction, engineering, development, planning, and architecture. Learn the latest on the Downtown-to-O’Hare Express Rail Link. 8:00 a.m. to 3:00 p.m., Maggiano’s, 111 West Grand Avenue. Cost: $60 (or $20 for students). Map. More info.

March 25
39th annual Bank of America Shamrock Shuffle 8K race. Approximately 40,000 runners will kick-off the 2018 running season. Start and finish lines are in Grant Park on Columbus Drive. Course runs north on Columbus Drive, turns west on Grand Avenue, south on State Street, and winds through the Loop. Wave 1 race starts at 8:30 a.m. Map. More info.

March 24-25
Hailed as the Barney’s of Vintage, the Randolph Street Market continues its indoor market season with Spring Fling. Located in the heart of Chicago’s West Loop, the beloved one-stop-shop destination will feature spring-themed festivities, vintage fashion from an array of indie designers, global goods, food and drinks, and a live DJ. Admission: $10 adults, $5 students and seniors, free for kids under 12 and anyone wearing an Easter bonnet. Free onsite parking. 10 p.m. to 5 p.m., 1341 West Randolph Street. Map. More info.
More events

Biggest Gainers & Losers

219.70 3.49

119.40 2.40

108.82 1.71

163.54 1.58

Downtown Chicago Stocks