Contact

Home

/

The Call Sheet

Illinois

Multifamily

Mavrek, ACRES begin construction on Wacker Place residential conversion at Morton’s building

11/5/2025

|

Chicago Business Journal

|

• Subcategory: MF: Market Rate

• Tag: Adaptive Reuse | Conversion | New Construction | Redevelopment

• Additional Filters-Subcategory: MF: Highrise

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

• Company: ACRES Capital, Mavrek Development

A 1928 art-deco high-rise that once housed Esquire magazine and Hugh Hefner has sat vacant, but now construction crews are transforming the historic building into hundreds of apartments.

Mavrek Development

Adam Friedberg | CEO

[email protected]

ACRES Capital

Drew Miller | Managing Director, Originations

[email protected]