370 North Carpenter Street_Pand te koop
370 North Carpenter Street_Pand te koop
370 N Carpenter St, Chicago, IL, 60607-1223, US

370 North Carpenter Street

Objectomschrijving

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 390-unit fully entitled high-profile development opportunity located at 370 North Carpenter Street in Chicago, Illinois (“The Property”).


Located on the southwest corner of North Carpenter Street and West Kinzie Street, 370 North Carpenter is positioned in the heart of Chicago’s historic Fulton Market. A former meatpacking district, Fulton Market offers an ideal live-work-play lifestyle surrounded by state-of-the-art offices, renowned restaurants, entertainment, and Fortune 500 headquarters.


370 North Carpenter is a 33,721 square foot land site which is currently improved with a +/- 10,414 square foot office building. The Property is zoned for a PD (Planned Development) with underlying DX-7 (Downtown Mixed-Use District). The Property benefits from residing in the Downtown Expansion Area, allowing for higher density mixed-use development. 370 North Carpenter’s strategic location within Fulton Market, home to McDonald’s world HQ and Google’s Midwest HQ, is positioned to capitalize on the neighborhoods continued rapid growth making it a premier high density development opportunity.


Sterling Bay recently secured entitlements for a 28-story, 390-unit residential project with 6,427 square feet of ground floor retail on the site. The project has an 11.2 FAR and a maximum buildable area of 377,675 square feet.

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Attributen

Netto landoppervlakte
3.133 vierkante meter
Bruto gebouwoppervlakte
967 vierkante meter
Bestemming
PD (Planned Development) with underlying DX-7 (Downtown Mixed-Use District)

Media

Investeringskenmerken

  • Fully Entitled Site for 390 Residential High-Rise Development


  • Centrally Located in Amenity-Rich Chicago's Historic Fulton Market


  • Educated & Affluent Demographics


  • Multi-Housing Demand Exceeds Supply, Supporting Outsized Rent Growth


  • Surrounded by Major Employers & Fortune 500 Headquarters


  • Strong Connectivity with Morgan Street Station, Grand Ave Station, and Metra Train Locations All Walkable
370 North Carpenter Street 4_Pand te koop
370 North Carpenter Street 4_Pand te koop

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Laatst bijgewerkt
Jun 26, 2024