A pair of Chicago developers recently received approval to convert a River North office building into apartments, the latest of several such projects taking place in the neighborhood.
The Zoning Board of Appeals gave Honore Properties and Peerless Development approval in late November for a special use that would allow for residential units on the first floor of 50 E. Superior St. The firms plan to convert the entire seven-story building into 88 apartments, along with ground floor retail.
New development has eluded the Superior Street property for years. New York-based firm Symmetry Property Development had plans in 2017 to build a hotel-condominium tower at the site and the property next door, but the deal unraveled by 2024, according to Crain’s Chicago Business.
Michael Shenouda, foun

Chicago Sun-Times

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