Mavrek, Acres join forces for second $90M, 180-unit Loop office-to-residential conversion at Jackson Blvd and Wells St

6/2/2026

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The Real Deal

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• Subcategory: MF: Market Rate

• Tag: Adaptive Reuse | Conversion | JV-Partnership

• Additional Filters-Subcategory: MF: Highrise

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

Highlights
Mavrek Development and Acres Capital will be renovating and converting 209 West Jackson into apartments.
The development is expected to cost around $90 million and will complete sometime in 2029.
Mavrek and Acres are also partnered on the conversion of 65 East Wacker Place, another $90 million development.