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Residential conversion proposed for Chicago’s Johnson Publishing Building

CURBED CHICAGO
BY 

After going before the Commission on Chicago Landmarks earlier this year to be considered for protected landmark status, Michigan Avenue’s Johnson Publishing Building has returned with a new plan that would see the 1971 office tower turn residential. This week, the Commission’s Permit Review Committee discussed an adaptive reuse proposal that would see the 11-story concrete structure across from Grant Park converted to….

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The hottest neighborhood you've never heard of

CRAIN’S CHICAGO BUSINESS
By, DANNY ECKER
August 26th, 2017

Milan Rubenstein was nervous when he spent $19 million on a slew of mostly vacant properties on the Near South Side three years ago. Historic Motor Row on South Michigan Avenue and the area surrounding the McCormick Place convention center were so plagued by developmental false starts that even a new CTA train stop, 10,387-seat arena, 40-story hotel and a vow from the city of Chicago to transform the neighborhood into an entertainment district were no guarantee that his big bet would pay off.

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In Adaptive Reuse, The Risks (And There Are Many) Are Worth The Reward

Bisnow Chicago
Chuck Sudo
July 27, 2017

Adaptive reuse of older real estate comes with more inherent risks than the ground-up variety. And the panelists at our Chicago repositioning and adaptive reuse event at the Loews Chicago Hotel yesterday said they would not have it any other way.

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3L Real Estate Closes on Wells Fargo Bank Building

PRESS RELEASE

(Milwaukee, WI – May 19, 2017) Adding to the vibrancy of a thriving urban center, 3L Real Estate today announced its purchase and planned renovation of the 12 story building at 735 West Wisconsin Avenue. The building will be converted into a residential building, complete with amenities that are sought after by the growing market of renters who value the attractions and vibrancy of city centers.

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Chicago firm buys West Wisconsin Avenue office building

BIZTIMES.COM
by May 19, 2017, 10:30 AM

(Milwaukee, WI – May 19, 2017) Adding to the vibrancy of a thriving urban center, 3L Real Estate today announced its purchase and planned renovation of the 12 story building at 735 West Wisconsin Avenue. The building will be converted into a residential building, complete with amenities that are sought after by the growing market of renters who value the attractions and vibrancy of city centers.

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New owner to convert office building on downtown Milwaukee's west side to apartments

Milwaukee Journal Sentinel
By Tom Daykin
Published 10:48 a.m. CT May 19, 2017

An underused office building on downtown’s west side will be converted into nearly 150 apartments, the latest in a series of similar nearby projects.

The 12-story building, at 735 W. Wisconsin Ave., has been sold to Rosemont, Ill.-based 3L Real Estate, the firm announced Friday.

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Developer plans 110 apartments near McCormick Place

CRAINS CHICAGO BUSINESS
By, ALBY GALLUN
October 03, 2016

 

Another developer is diving into the neighborhood around McCormick Place, buying an empty warehouse near the convention center that it plans to convert into 110 apartments. 3L Real Estate has acquired the five-story vintage building at 57 E. 21st St., betting that the city’s push to reinvigorate the neighborhood will attract more people who want to live there.

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South Loop Loft To Be Converted Into Apartments

DNA INFO
By, David Matthews
October 03, 2016

More apartments are on deck in the South Loop, where a developer plans to convert a Motor Row loft to more than 100 apartments. A venture led by Chicago-based 3L Real Estate on Friday bought the five-story warehouse at 57 E. 21st St., with plans to spend $10 million on the apartment conversion, 3L chief Joseph Slezak said.

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3L Real Estate Closes on Second Big Chicago Buy

Chicago-Based Developer to Restore South Loop Yellow Cab Building
October 3, 2016
PRESS RELEASE

Long an anchor building when the near south side was the city’s iconic Motor Row District, the former Yellow Cab building is destined for a new life as a home for people instead of cars. 3L Real Estate, a relatively new entrant in Chicago’s real estate market, has announced their purchase of the building and plans to transform the 80,000 square foot warehouse into a quality residential living space to accommodate the growing market for near-downtown living.

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Former U. of C. Dorms Reopen, Now Renting As Studio Apartments

DNA INFO
By Sam Cholke
August 19, 2016

The university closed Broadview, Blackstone and Maclean halls in June with students moving to the new Campus North Residence Hall in the fall, and the new owner 3L Real Estate has now reopened the buildings as mostly studio apartments.

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University of Chicago Sells Hyde Park Dorms

CRAINS CHICAGO BUSINESS
By, ALBY GALLUN
July 18, 2016

The University of Chicago continues to unload student housing, selling three buildings near its Hyde Park campus as it seeks buyers for more. 3L Real Estate, a Chicago real estate investment firm, said it has acquired the three residence halls totaling 391 units from the university, 3L’s first acquisitions since it was founded last year.

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New Chicago-Based Developer Purchases Three Buildings in U of C Portfolio

New Chicago-Based Developer Purchases Three Buildings in U of C Portfolio
July 13, 2016
PRESS RELEASE

Three newly acquired residential structures previously owned by the University of Chicago, will now provide affordable, well-appointed living space to Hyde Park renters. In a purchase finalized late last week, 3L Real Estate is stepping in to create Hyde Park Places a three-building collection along Hyde Park Boulevard, Blackstone and Ingleside Avenues for the students and emerging professionals drawn to this vibrant urban climate.