CRG, Prime Group JV buys historic Jewelers Building In The Loop for $35.5M ($63.83psf) with possible hotel, residential conversion on tap

8/30/2024

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Chicago YIMBY

• Subcategory: Office: CBD

• Additional Filters-Subcategory: Office: Highrise

• Additional Filters-Tags: Conversion: Office-to-Mixed-Use, Conversion: Office-to-Residential, Historic

• Company: CRG

The renowned Jewelers Building at 35 E Wacker Drive in The Loop has been officially sold to two new owners. Sitting on the intersection with N Wabash Avenue along the Chicago River, the nearly 100-year-old structure could potentially see a partial conversion in the future. Its new owners are developers Prime Group and CRG according to Crain’s.

The Prime Group Inc.

Michael Reschke, Jr. | EVP, Development & Acquisitions

[email protected]

312-917-4195

Illinois

Office

CRG, Prime Group JV buys historic Jewelers Building In The Loop for $35.5M ($63.83psf) with possible hotel, residential conversion on tap

The Prime Group Inc.

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