chi-Motor_Row (2)

CHICAGO—As developers continue launching new apartment projectsnear 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'sgiving new life to some of its historic structures.

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

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

  • 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

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.