A low-profile local development team has acquired a historic office property in Chicago’s Loop business district out of financial distress, with plans to convert it to affordable housing as part of a broader downtown initiative.
Office tower in Chicago’s Loop sells for residential conversion
Local investors buy most of 41-story Clark Adams Building, hope to include it in city initiative
By Ryan Ori
CoStar News
October 1, 2024 | 10:33 P.M.
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IN THIS ARTICLE
- Properties
- Redevelopment Opportunity
105 Adams St, Chicago, IL