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Chicago Mayor to Affordable Apartment Developers Eyeing Older Offices: 'Doors Are Open, Folks'

Much of City Initiative for Residential Conversions in Financial Corridor Left to Developers' Imaginations
A Chicago developer plans to convert the upper floors of a 23-story office building at 111 W. Monroe St. to apartments. (Jon Fairfield/CoStar)
A Chicago developer plans to convert the upper floors of a 23-story office building at 111 W. Monroe St. to apartments. (Jon Fairfield/CoStar)
CoStar News
September 28, 2022 | 5:12 P.M.

Chicago’s offer of public dollars to convert older office buildings in the city’s longtime financial corridor into affordable apartments leaves much to the imagination for interested developers — and a short window to act.

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