1060 West Van Buren

Jones Lang LaSalle (Illinois), L.P. (“JLL”) has been exclusively retained in presenting the opportunity to acquire fee simple interest in 1060 W. Van Buren Street (the “Property”), a 108,240 square foot concrete loft building on a 29,580 site in Chicago’s West Loop neighborhood.

1060 W Van Buren is a transit-oriented site which benefits from the tremendous activity occurring in this rapidly expanding neighborhood. Known for its proximity to Chicago’s world-renowned restaurant row, trendy boutique hotels and trophy office buildings, the West Loop is the most desirable live-work-play destination for Chicago’s affluent and highly educated professionals. This discerning population is demanding the highest quality amenities, and retailers, restaurateurs and developers are seeking to capitalize on this sophisticated clientele.

The Property is currently zoned DS-3 (Downtown Service District) and lies proximate to Chicago’s downtown expansion area overlay. JLL believes it is possible to rezone the site, allowing for a higher density development project via vertical expansion of the existing asset or new ground up development on the parking lot. A multitude of future uses are feasible given the adjacent built environment includes: multi-family apartments, luxury condo, student housing, medical, creative office and hospitality.