Description de l'actif
Block 37 is a vibrant mixed-use development located in the heart of downtown Chicago. Situated at the intersection of State Street, Randolph Street, Dearborn Street, and Washington Street, Block 37 enjoys a prime location in one of the city's most bustling and dynamic neighborhoods.
The Block 37 offering consists of 5 floors that act as a hub for shopping, dining, and entertainment. The retail sits below the 34 floors of Marquee at Block 37 apartments, making it a truly integrated community within the urban fabric. The sophisticated residential units offer stunning views of the downtown skyline and provide residents with easy access to the vibrant surrounding area.
Retail at Block 37 is a major draw for both locals and tourists, with an enticing array of high-end fashion outlets, specialty stores, and flagship retailers. Block 37 showcases an impressive selection of fashion, beauty, technology, and lifestyle brands.
The location of Block 37 makes it extremely accessible by public transportation, with direct access to underground L train stations. Commuters can reach O'Hare International Airport and Midway International Airport conveniently via the Blue Line and Orange Line respectively. Additionally, the development provides underground parking facilities for those who prefer to drive.
Block 37 is located just two blocks from the proposed new Google office at the former Thompson Center. The development is slated to be done by 2026, further proving the revitalization of Chicago's loop.
Block 37 embodies the energy and vibrancy of downtown Chicago, creating a lively and multi-faceted destination for shopping, dining, and living. Its strategic location, diverse offerings, and accessibility make it an attractive choice for retailers, residents, and consumers alike.
Caractéristiques de l'actif
Média
Points clés d'investissement
VALUE-ADD POTENTIAL THROUGH VACANT LEASE-UP
- 68.8% occupied with nearly 90,000 SF of vacant space across 30+ suites
RARE OPPORTUNITY TO BUY HIGHPERFORMING TROPHY CHICAGO
- Block 37 continues to draw the highest performing credit tenants in the State St. corridor
LOCATED AT EPICENTER OF CHICAGO'S TOP DESTINATIONS
- Situated within a block of the Chicago Theatre district and 0.5 of Millennium Park, Willis Tower, The Art Institute of Chicago, Maggie Daley Park, and more
IDEALLY LOCATED TWO BLOCKS FROM PROPOSED GOOGLE OFFICE DEVELOPMENT
- Google purchased the iconic Thompson Center in 2022, with plans to renovate the space and occupy it as a Google office by 2026
LOWER LEVEL PEDWAY CREATES EASE OF CONNECTIVITY
- Direct access to Red and Blue lines, connecting Chicagoans across more than 50 miles of routes
- Blue Line Washington Stop provides direct access to the O'Hare International Airport
DIVERSE TENANT MIX LEADS TO INCOME DIVERSIFICATION
- 27 occupied suites across the apparel, entertainment, restaurant, and specialty restaurant sectors
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