Ribbon Cut for The Bellwether Residences, Office-to-Residential Conversion in Downtown Chicago
The project adds 117 mixed-income apartments, including 41 affordable homes, and is the first completed office-to-housing conversion under the city initiative.
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Bellwether Residences is 1st office-to-residential conversion completed in Chicago’s Loop – ABC7 (Chicago)
Mayor Brandon Johnson said the building at the corner of Clark and Monroe offers 117 residential units and more than a third of the units are affordable. "The $64.2 million conversion was supported with $28 million in city TIF assistance as part of my administration's commitment to investing in housing and creating more affordable city for everyone," Johnson said.
Chicago's plan for more Loop housing hits milestone with opening of Bellwether Residences
City and project leaders on Wednesday celebrated the grand opening of the Bellwether Residences, the first office-to-residential building conversion to be completed under the city’s La Salle Street Corridor Revitalization program.It marks a huge milestone for the city, whose revitalization program aims to add more housing to the Loop by redeveloping largely vacant office buildings. The program is expected to bring more than 1,000 apartments to t…
First City-Backed Apartments On LaSalle Street Now Renting, Signal Transformed Financial District
DOWNTOWN — The first apartments created through Chicago’s LaSalle Street Reimagined initiative are officially on the market, marking a major milestone in the city’s effort to transform the historic financial district into a residential corridor. LaSalle Street Reimagined was launched under former Mayor Lori Lightfoot in 2022 as a way to breathe new life into […]
Downtown building built in 1905 converted to apartments open to lower-income residents
CHICAGO — The first project aimed at reimagining old office space downtown into residential housing is now open. About a third of the Bellwether, located at 79 W. Monroe St., have been set aside for lower-income brackets. They held a ribbon-cutting on Wednesday morning. City leaders said there are more than 24 conversion projects like [...]
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