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JLL, as sole and exclusive agent for iStar, is offering for sale to qualified investors the opportunity to acquire fee simple interest in a prime development site located at 215 North Michigan Avenue in Chicago, Illinois.

Investment highlights:

  • Represents a generational opportunity to acquire a fully entitled development site in the heart of downtown Chicago
  • The property totals 40,632 square feet and is strategically located in Chicago’s highly desirable East Loop
  • Proximate to first class tourist destinations, including Michigan Avenue and Millennium Park, trophy office buildings, and luxury high-rise living
  • The site was previously planned for a 846-foot tower totaling approximately one million square feet of density. The development contemplated a mix of 265 residential units and 252 hotel keys branded as the ultra-luxury Hong Kong-based Mandarin Oriental.

Scott Miller and Liz Gagliardi
JLL Capital Markets

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