SOLD
Azur Cos. Acquires Development Site In Chicago's Fulton Market Area For $10M
1234 West Randolph Street
Development Site
Sold 270 days ago
Summary
Sale
ILLINOIS
Development Site
A development site located at 1234 West Randolph Street in Chicago's Fulton Market area has been sold for $10 million. The property, originally planned for a hotel, will now be turned into a 41-story residential tower with retail space, totaling around 400 apartments. The demand for residential options in the office-heavy submarket has prompted this change in plans.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $10,000,000
- Buyer: Azur Cos. - Joe McMillan
- Seller: New Dairy Co.
- Market: Chicago
Azur Cos., a New York investor, in partnership with Golub & Co., acquired the development site. The sale was facilitated by Joe McMillan from Azur Cos.'s agency.
Details
SOLD
IMAGE: Joe McMillan
DATE: 08/14/2023
ADDRESS: 1234 West Randolph Street
MARKET: Chicago
ASSET TYPE: Development Site
BUYER: Azur Cos. - Joe McMillan
SELLER: New Dairy Co.
SALE PRICE: $10,000,000
NOTE: A development site in Chicago's Fulton Market area, slated for around 400 apartments, has been sold for $10 million to New York investor Azur Cos. and Golub & Co. The site was originally planned for a hotel but will now feature a 41-story residential tower with retail space in response to the demand for residential options in the office-heavy submarket.View on map
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Address1234 West Randolph Street
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