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Former Salesforce offices in River North could become apartments.

Authors :
Ecker, Danny
Source :
Crain's Chicago Business; 8/19/2024, Vol. 47 Issue 32, p4-4, 1p
Publication Year :
2024

Abstract

Chicago Development Partners is in talks to purchase the former Salesforce office property in River North and convert it into apartments. The majority of the 156,263-square-foot building has been vacant since last year when Salesforce moved to a new location. The sale price of around $17 million would be a significant discount from the property's pre-pandemic value. Converting the office space into apartments aligns with the city's push to repurpose vacant office space into residential uses. [Extracted from the article]

Details

Language :
English
ISSN :
01496956
Volume :
47
Issue :
32
Database :
Supplemental Index
Journal :
Crain's Chicago Business
Publication Type :
Periodical
Accession number :
179175830