R2 Companies JV breaks ground on office-to-affordable housing conversion project in Chicago’s Loop at the Rector Building

  • 3/27/2025

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Chicago Mayor Brandon Johnson recently joined Lagfin and R2 Companies to break ground on 79 West Monroe, a $64 million redevelopment of the upper floors of the building into an office-to-residential conversion.

The project will transform the historic Rector Building, the oldest surviving commercial high-rise designed by architect Jarvis Hunt, into a residential space, addressing the growing demand for housing in the Loop.

R2 Companies
Zack Cupkovic | Partner-Acquisitions/Dispositions

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