Thank you for sharing!

Your article was successfully shared with the contacts you provided.
chi-Motor_Row (2) The historic Motor Row showrooms along Michigan Ave. seem well-suited for use as a new entertainment district.

CHICAGO—As developers continue launching new apartment projects near downtown, mixed-use developments that satisfy residents’ growing demand for entertainment and retail are cropping as well. The South Loop has become one of the hottest submarkets, and that’s giving new life to some of its historic structures.

Commercial real estate investment banking firm Continental Partners recently secured a bridge loan on behalf of KCI Co., a private investor, for the acquisition of a 115,000 square-foot industrial building at 2222 S. Michigan Ave. along the South Loop’s landmark Motor Row. The new owner plans to reposition the former auto showroom into a class A, mixed-use property, according to Eugene Rutenberg, director at Continental Partners.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.