Crain’s

Another 114 apartments planned in River North

Chicago developer Cedar Street plans to expand a six-story River North office building and convert it into 114 apartments, adding to the growing supply of rental housing in the neighborhood.

Cedar Street bought the building at 676 N. LaSalle St. for $12 million on July 23 from a trust, said Managing Partner Alex Samoylovich.

Within the next 10 months, the firm plans to begin a gut rehab of the existing structure and an expansion into a parking lot next door that would increase the building’s size to 132,000 square feet from about 60,000 square feet, Samoylovich said…

Crain’s | Ryan Ori