Shenouda’s Honore snags Old Dearborn Bank Bldg at 70 East Lake for $9M ($64psf) with apartment conversion plans in mind

7/16/2026

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The Real Deal

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• Subcategory: Office: CBD

• Tag: Conversion | Sale

• Additional Filters-Subcategory: Office: Highrise

• Additional Filters-Tags: Conversion: Office-to-Residential, Historic, Sale: Investment, Sale: Single Property

Highlights
Honore Properties snagged 70 East Lake Street for $9.2 million, or about $65 per square foot.
The company plans a conversion to apartments from office space as similar redevelopments shrink downtown office vacancy rates.
70 East Lake Street is already zoned for residential use.

Honore Properties

Michael Shenouda | Founder

312-600-4501

Illinois

Office

Shenouda’s Honore snags Old Dearborn Bank Bldg at 70 East Lake for $9M ($64psf) with apartment conversion plans in mind

Honore Properties

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