530 W. Chicago Avenue

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), on behalf of Ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a high-profile development opportunity located at 530 W. Chicago Avenue in Chicago, Illinois (“The Property”).

530 W. Chicago Ave is a 30,725 square foot site currently improved with a 5-story parking garage. The Property is zoned under Planned Development (PD) #447 within Subarea B.1. The PD entitlements are for a 175-unit project with 215,075 square feet of FAR, but the REA allows for a 67-unit project with 129,045 sf of FAR as-of-right. With ownership's consent, there is the potential for new entitlements to include density from 811 W Larrabee and allow a 400-unit tower with 375,000 sf of FAR. The Property is located in River North, one of Chicago’s most dynamic live-work-play environments, offering premium retail, entertainment, and restaurants.