News

11 megadevelopments that will transform Chicago

May 29, 2019

Jay Koziarz | Curbed Chicago

Right now there are 11 major Chicago megadevelopments in the works. Some are already under construction, while others remain long-term visions for the future. Here’s a look at the large, multiphase projects that will reshape the city in the decades to come. A joint venture formed by McCaffery Interests is preparing to begin construction on an 11-acre redevelopment of the demolished Harold L. Ickes public housing complex. Known as South Bridge, the plan calls for nearly 900 mixed-income residences to spread across clusters of townhomes, six-story apartment buildings, and a mid-rise...

$85 million granted for urban developments in Chicago

May 23, 2019

Carolina Gonzalez | Crain's Chicago Business

McCaffery's Southside Community Optimal Redevelopment Enterprise Community Development Entity (SCORE-CDE) received $35 million in New Markets Tax Credits (NMTCs) in the most recent distribution. SCORE provides capital to qualifying businesses and projects in highly distressed low-income areas in Illinois and Indiana through the use of NMTCs.

ServiceNow signs big office lease in Fulton Market

May 22, 2019

John O'Brien | The Real Deal

A cloud software company signed a 47,000-square-foot lease in McCaffery Interests’ Twelve01West building in Fulton Market. ServiceNow will use the fifth and sixth floors of the building at 1201 West Lake Street as its Midwest hub. Colliers International’s David Burden, Patrick Hewitt, Jim Abarta and Grant Zumidio represented the firm. Craig Coupe, Mike Curran and Brad Despot of JLL are handling office leasing for the property. [REJournals]

47,000-SF Fulton Market lease for ServiceNow at Twelve01West

May 22, 2019

RE Journals

ServiceNow will occupy the fifth and sixth floors of 1201 W. Lake Street, which will serve as the firm’s Midwest hub office. “ServiceNow looked in a few different submarkets but was immediately drawn to Fulton Market, as it offered everything they were looking for,” said Burden, a principal with Colliers | Chicago. “Drawn to the cutting edge atmosphere, new construction, abundant amenities and attractive location for recruiting leading talent, 1201 W. Lake Street was the perfect fit for their growing workforce.”

Lincoln Common lands new tenant, childcare provider Play2Day

May 21, 2019

REJournals.com

We're thrilled to welcome boutique, drop-off childcare service, Play2Day, to Lincoln Common!

Western Specialty Contractors Dismantles, Reconstructs 19th Century Historic Façade onto New Chicago, IL Mixed-Use Development

May 17, 2019

Parul Dubey | Informed Infrastructure

The experts at Western Specialty Contractors - Chicago Masonry Branch worked their magic to preserve and restore what was the historic Dental Professional Building at 2358 North Lincoln Avenue, now part of Lincoln Common.

Hines, McCaffery Launch Final Resi Phase of Lincoln Common

May 16, 2019

Paul Bubny | Connect Chicago

Two 20-story rental apartment towers opened last month facing Lincoln Avenue, on the west side of a site that formerly held Children’s Memorial Hospital. The Orchard’s smaller size and frontage on Orchard Street, a quieter, more residential-scaled street than Lincoln, were designed “to make a comfortable, elegant fit” with that side of the old hospital site, McCaffery Interests’ Dan McCaffery told Crain’s.

Last residential building getting underway at former Children’s Memorial site

May 14, 2019

Dennis Rodkin | Crain's Chicago Business

The Orchard, a seven-story building with 32 units, will stand on the east side of the triangular site, facing Orchard Street. The pair of 20-story rental towers, which opened in early April, are on the west side facing Lincoln Avenue, which runs on the diagonal.

Trader Joe's to open store in Hyde Park, first on Chicago's South Side

May 13, 2019

Chicago Tribune

Trader Joe’s plans to open a store in the city’s Hyde Park neighborhood this fall, taking space formerly occupied by the now-defunct Treasure Island Foods. It will be Trader Joe’s first location on Chicago’s South Side. The nearest store is in the South Loop neighborhood, on the Near South Side.

Lincoln Common Announces Newest Retail Tenant Play2Day

May 1, 2019

Play2Day team members are dedicated to creating an optimal play space for engaging children in developmentally appropriate activities to stimulate their curiosity. Parents will be able to take advantage of the copious amenities offered at Lincoln Common while their child is in great care for up to three hours at a time. Play2Day is anticipated to open in Q3 2019.

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