Monday, March 25, 2019

Purchased for $11M West Loop industrial loft remains vacant for now

1212-1220 West Van Buren has been vacant since late 2016.  The property sits a block from the Racine CTA Racine Blue Line, half block west from a Target Store, close to Skinner School among many other neighborhood amenities and services. The bustling and insanely active Fulton Market is about 5 blocks north. 
We've had several dealings in the 1224 West Van Buren condo building (Van Buren Lofts). Next door sits a vacant and gutted former Oxxford Clothes industrial loft. Crain's reported the building was purchased around $11 million in 2016.  The real estate group discussed converting office lofts but were open to other uses. I have not found any information on pending development.

1220 West Van Buren with Rush University Medical Center in the background.
A permit was issued back in 2017 to "Removal of non-bearing partitions - fixtures (m.e.p) and finishes for investigative purposes in an existing 7-story bldg - no structural demo included." 

The interior courtyard/ light well of 1220 West Van Buren industrial loft building.

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