Development du Jour: Developer Wants To Turn Old Auto Parts Store Into Apartments

By AJ LaTrace

[renderings courtesy Windy City RE]

Decades ago, the Blue Star Auto Parts store replaced one of Al Capone’s favorite hotel hangouts in the South Loop, the Cullerton Hotel. And soon, the derelict building will become host to shiny new apartments. A developer has scooped up two adjacent properties at 2001 South State Street, and 2000 South Wabash Avenue and plans to convert the properties into 20,000 square feet of retail space and 25 rental units. The apartments will be mostly three bedroom units with 900-1,000 square feet of space and the developer estimates that the rents will run somewhere between $1,800-$2,200 per month. The developer, Windy City RE, is still in the permitting process but says that so far the community is liking what they see. [CurbedWire]

 

More here: http://chicago.curbed.com/archives/2014/02/25/developer-converting-old-auto-parts-store-into-new-apartments.php