Project · Chicago, IL · Updated today
2 North Riverside Plaza landmark rehabilitation
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Sourced from Chicago meeting, Jul 9, 2026. ZoneWire tracks 162 projects in Chicago, IL, updated within 24h of every meeting.
Where this stands
1929 Art Deco former Chicago Daily News building, 615,000 sq ft, designed by Holabird and Root. Total project cost ~$70 million ($69.7 million). Purchase price $27.5 million; 2025 market value $38 million. Current vacancy ~50% vs ~90s% in surrounding West Loop submarket. Rehab includes masonry repairs, river wall stabilization, riverfront plaza reconstruction with waterproof membrane, storefront/lobby work, and amenity space (lounge, fitness, retail passageway to Ogilvy). Targeting tenants in 1,500-5,000 sq ft range. Class L incentive with landmark designation; 220 construction jobs, 1,400 permanent jobs.
- Project
- 2 North Riverside Plaza landmark rehabilitation
- Asset class
- Commercial
- Developer
- Blue Star Properties
- Location
- 2 North Riverside Plaza, 42nd Ward
- Scale
- 615,000 sq ft
- County
- Chicago, IL
- Jurisdiction
- Chicago
- Current status
- Approved
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2 North Riverside Plaza landmark rehabilitation
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