KAGE BROWN HAS BEEN NAMED CHIEF INVESTMENT OFFICER OF HUBBARD STREET GROUP
In this role, Kage will strategize new acquisitions and developments for the company. He will also coordinate the underwriting and capitalization of new projects. Prior to joining HSG in 2014, Kage was an Analyst in the Investment Banking division of Bank of America Merrill Lynch. Kage is a graduate of the University of Michigan, and holds an MBA from the University of Chicago Booth School of Business.
THIS IS NOW CHICAGO’S MOST EXPENSIVE OFFICE BUILDING
In a deal that will set a record price per square foot for a downtown Chicago office property, a Spanish investor is paying more than $31 million for the 42,386-square-foot RxBar headquarters at 412 N. Wells St., sources familiar with the deal said.
NEW YORKERS PAY $51 MILLION FOR BUCKTOWN APARTMENTS
The deal adds to another busy year for apartment sales in Chicago, as developers capitalize on the high prices investors are paying for luxury multifamily buildings.
WICKER PARK CONNECTION ADDS RETAIL USERS, HITS THE MARKET
RE JOURNALS, 11.28.2018
Two retail tenants, Philz Coffee and [solidcore], have signed leases at Wicker Park Connection, the mixed-use project co-developed by Hubbard Street Group and Centrum Realty and Development. Located just west of the intersection of Division Street and Ashland Avenue on Chicago’s Northwest Side, the new leases should attract buyers as the developers are looking to sell the community.
OLD MARSHALL FIELD’S WAREHOUSE BECOMES LUXURY APARTMENTS
CHICAGO TRIBUNE, 11.27.2018
On Chicago’s Northwest Side sits a boxy brick building, rich in history and ready for residents. The old Marshall Field's warehouse, at the intersection of Diversey Avenue and Pulaski Road in the Belmont Gardens neighborhood, is getting new life as luxury apartments.
SAN FRANCISCO-BASED PHILZ COFFEE TO OPEN FIRST CHICAGO LOCATION
EATER CHICAGO, 11.27.2018
San Francisco-based Philz Coffee has plans to open its first Chicago coffeeshop next year in Wicker Park. They’ve signed a lease for a 2,100-square-foot space inside a building anchored by a Target near the Northwest corner of Division and Ashland.
HUBBARD STREET, CENTRUM BRINGING CHICAGO’S FIRST PHILZ COFFEE TO WICKER PARK
THE REAL DEAL, 11.26.2018
San Francisco-based Philz Coffee will break into the Chicago market next summer with a 2,100-square-foot cafe on the ground floor of the newly-built Wicker Park Connection apartment complex near the Division CTA Blue Line station.
FIRST LOOK AT THE FIELD’S LOFTS WAREHOUSE TO LUXURY APARTMENT TRANSFORMATION
RE JOURNALS, 10.09.2018
Construction is underway on The Field’s Lofts, a luxury apartment adaptation of a former warehouse on the edge of Chicago’s Logan Square neighborhood. Pre-leasing on the project is scheduled to begin in November.
DEVELOPERS POISED TO SELL 300 APARTMENTS IN WICKER PARK, BUCKTOWN
“It’s a prudent time to sell, to take a few chips off the table,” says John McLinden, who's in the process of selling a new 207-unit project near Division Street and Milwaukee Avenue and a 94-unit building next to the 606 trail.
MULTIFAMILY DEVELOPMENT GREEN SPACES FOSTER SENSE OF COMMUNITY
At its Wicker Park Connection in Chicago’s highly-coveted, but grittily urban Northwest Side Wicker Park neighborhood, Chicago-based developer Hubbard Street Group set aside one-third of the 2.5-acre parcel to create a new landscaped public plaza.
Developers unveil retail redevelopment plan for former Oak Lawn Shopping Center
Chicago Tribune, 09.19.2018
The Oak Lawn Planning and Development Commission unanimously approved a developer’s proposal Monday to transform the mostly vacant shopping plaza at 95th Street and Pulaski Road into a modern, landscaped retail center.
Milwaukee Avenue Corridor Remains One Of Chicago's Hottest
This summer, the first residents began moving into the 146-unit community, which was co-developed by Hubbard Street Group and Centrum Realty & Development.
In some residential neighborhoods, art is bigger than ever
The Washington Post, 07.12.2018
In Evanston, Ill., John McLinden, managing partner of Hubbard Street Group, grappled with a concrete embankment across the street from the 12-story Centrum Evanston residential tower.
5 Must-Dos When Adding Public Space or Art to Your Development
Multifamily Executive, 06.29.2018
As multifamily developers, we already know that residents crave common areas that create a sense of community, and we take this into account when programming amenities and designing spaces tailored to each development’s residents.
Wicker Park Connection II welcomes first move-ins
Re JOURNALS, 06.13.2018
The first residents have begun moving into Wicker Park Connection II, a 15-story, 146-unit apartment development in Chicago’s vibrant Wicker Park neighborhood co-developed by Chicago-based Hubbard Street Group and Centrum Realty & Development.
Tenants to begin moving into downtown Clarendon Hills luxury apartments in July
Chicago Tribune, 06.07.2018
After living in Clarendon Hills for the past 35 years and raising five children, Tobin and Laura Chakeen decided it was time to downsize.
River North officials welcome sculpture
Loop north news, 06.03.2018
Meet Upright, an eleven-foot-tall sculpture recently installed in front of 412 North Wells. The aluminum-plated sculpture was completed in 2000 by Australian-American artist Clement Meadmore, who died in 2005.
Time Lapse Video Shows Construction of Hubbard221 and 412 North Wells
Chicago Architecture, 05.02.2018
People ’round these parts love construction photos. And the only thing people love better than a construction photo is 1,485 of them strung together in a 49½ second video.
River North Apartment Demand Holding Steady
Globe Street, 04.26.2018
Officials from Chicago-based Hubbard Street Group and co-developer Centrum Realty and Development say that HUBBARD221, a 195-unit luxury rental tower in Chicago’s River North neighborhood, is now 65% leased just five months after opening.
Chicago developers acquire sparsely occupied Oak Lawn Shopping Center for $10.3
Chicago Tribune, 04.07.2018
Two Chicago developers with a considerable portfolio of luxury residential and suburban retail assets between them have acquired the Oak Lawn Shopping Center at the corner of 95th Street and Pulaski Road.
Hubbard Street Group Buys 'Blank Slate' Suburban Shopping Center
Hubbard Street Group and Keeler Real Estate partnered to buy a mostly vacant suburban shopping center. The JV acquired Oak Lawn Shopping Center at 95th Street and Pulaski Road from Kimco Realty. The price was not disclosed.
Hubbard Street Group JV acquires Oak Lawn shopping center; plans for turnaround
The Real Deal, 04.02.2018
Hubbard Street Group and Keeler Real Estate have partnered to buy a shopping center in Oak Lawn whose anchor tenant had been Kmart until last year. The owners plan to redevelop the flagging property.
Hubbard Street Group and Keeler Real Estate close on 15-acre shopping center
RE Journals, 03.30.2018
Chicago-based Hubbard Street Group and Keeler Real Estate have closed on the joint acquisition of a 15-acre shopping center in Oak Lawn, Illinois in Chicago’s southwest suburbs. The development team acquired the property from Kimco Realty.
Have Oak Park and Evanston Topped Out?
Chicago Magazine, 03.30.2018
In recent years, the edge suburbs of Oak Park and Evanston have witnessed the construction of several new high-rises that have delivered hundreds of new rental units near busy transit hubs, helping to fill a void by offering newer upscale housing with amenities more typically found in downtown tower construction.
Developer keeps buying, building and selling as he asks, 'What's next?'
John McLinden is busy in all the key phases of the real estate development game: buying, building, leasing and selling.
Wicker Park Connection starts to take shape
RE JOURNALS, 02.16.2018
The second phase of the Wicker Park Connection is now underway, targeting a June 2018 opening. Projected to open at the same time as part of the project are a small-format Target and a Salon Lofts, a beauty and hair salon franchise.
Hubbard Street Group Is Transforming Wicker Park's Polonia Triangle Into Open Space
Hubbard Street Group and Centrum Realty & Development announced leases with Target and Salon Lofts within the second phase of the Wicker Park Connection project.
Target, Salon Lofts to fill retail space at Wicker Park Connection
A small-format Target store and Salon Lofts are heading for the retail space at Wicker Park Connection apartments. The new 12,800-square-foot Target store at 1664 W. Division Street was announced by the retail company back in December.
Hubbard Street Group To Develop The Fields' Multifamily Component
The residential component of The Fields in Logan Square will be brought to life by a veteran of adaptive reuse. John McLinden's Hubbard Street Group will begin construction in March of The Fields Lofts, a 123-unit loft apartment development within the 1.5M SF mixed-use development, with the first move-ins expected this fall.
Next up for former Marshall Field's complex in Belmont Gardens: 123 apartments
Chicago Tribune, 01.12.2018
Hubbard Street Group said it will begin construction in March on a $25 million renovation of the easternmost portion of the sprawling property at 4000 W. Diversey Ave., with plans for residents to move in this fall.
Target opening small-format store at Wicker Park apartment development
Chicago Tribune, 12.18.2017
A big-box chain is coming to Wicker Park: Target is opening a store in the neighborhood in July. But there’s nothing big about this store — the 12,800-square-foot Target at 1664 W. Division St. appears to be the chain’s smallest yet in the Chicago area.
The 606 beckons to residents of new luxury Bucktown apartment building
Chicago Tribune, 10.24.2017
The 606 trail has been hugely popular with joggers, cyclists, dog-walkers, stroller-pushers and others since it opened in 2015. It’s also a hit with residents at Centrum Bucktown, a new rental community at Milwaukee Avenue and Leavitt Street. They can practically roll out of bed and they’re on the 2.7-mile former railroad line with a paved pathway, landscaping and gardens, decorative lighting and public art.
RXBAR Takes Whole Building In River North
GLOBE STREET, 10.12.2017
River North continues to be the CBD’s hottest office market, and a huge chunk of new, modern space has just been taken. RXBAR has agreed to lease the entire 50,000 square foot office tower at 412 N. Wells St., a new project by Centrum Partners and Hubbard Street Group.
Joe & the Juice coming to Chicago
Joe & the Juice, a rapidly expanding chain of fast-casual restaurants based in Denmark, is coming to Chicago. The company will open stores at 10 E. Delaware Place, 412 N. Wells St. and 8 E. Huron St., confirms CBRE, the leasing agent.
Backlot Coffee Open For Business In Old Irving Park
DNA INFO, 08.15.2017
Backlot Coffee is now serving caffeine, and community, in Old Irving Park.
Denmark's Joe & The Juice to enter Chicago market with three locations
The CHICAGO TRIBUNE, 08.14.2017
By early 2018, Joe & The Juice plans to open in an office building now under construction at Wells and Hubbard streets in River North, and in a new Near North apartment tower at Huron and State streets.
Lincoln Park building adds amazon
The chicago tribune, 07.25.2017
Amazon said it has leased another, approximately 2,900-square-foot space in the building, where it will soon open its third package pickup store in Chicago.
Aldi To Reopen Bucktown, Wicker Store On June 15
DNA INFO, 06.02.2017
Aldi is finally returning to the Bucktown and Wicker Park border next to The 606's Bloomingdale Trail, it was announced on Friday.
Evanston's Backlot Coffee Taking Over Former Bow Truss In Old Irving Park
DNA INFO, 05.25.2017
The owners of Evanston's Backlot Coffee are swooping in to fill Old Irving Park's caffeine-sized hole left by the demise of Bow Truss Coffee Roasters.
Apartment Boom Doesn't Faze River North Developers
Globe Street, 05.23.2017
Centrum Partners recently hosted a party at Sub51 to celebrate the topping off its newest luxury apartment development, Hubbard221, located on the corner of Hubbard and Wells streets in Chicago’s River North neighborhood.
Brown Bag Seafood Company Bringing Affordable, Fast Fish Dishes To Lakeview
DNA INFO, 02.21.2017
Brown Bag Seafood Company will open its third location in Lakeview at 3400 N. Lincoln Ave. this summer, owner Donna Lee said Monday.
Lyft plans first permanent Chicago office
CRAINS CHICAGO, 02.10.2017
Ride-hailing firm Lyft plans to open a Chicago office along the Kennedy Expressway in the city's Old Irving Park neighborhood, as the company tries to expand and capture business from Uber.
New apartment tower at Hubbard and Wells scores full construction permit
Curbed Chicago, 01.03.2017
Over this past weekend, exactly six months after receiving a permit for its foundation and first five floors, the 23-story apartment tower under construction at 221 W. Hubbard has been granted the go-ahead by the City of Chicago to rise to its full potential.
First permit issued for Wicker Park Connection rental tower
Curbed Chicago, 12.22.2016
The planned Wicker Park Connection development for the southern end of Wicker Park, which will see the construction of 200 residences, is no longer just a proposal—a new building permit has just been issued allowing the project’s developers to start construction at any point now.
Banana Republic Factory Store To Open Thursday
DNA INFO, 12.15.2016
Banana Republic is opening a new factory store Thursday, just in the St. Nick of time for budget-conscious holiday shopping procrastinators.
CENTRUM PARTNERS CO-LEADER STARTS NEW FIRM
After 27 years as a partner at Chicago development firm Centrum Partners, John McLinden has left to start his own firm.
Centrum Co-Founder McLinden Forms New Company
Globe Street, 12.05.2016
The developer, who helped Centrum become a leader in transit-oriented development, says we could be entering a more challenging era for new construction.
JOHN MCLINDEN LEAVES CENTRUM PARTNERS, FORMS NEW FIRM
Put aside any thoughts of December being a quiet month in Chicago real estate. John McLinden left Centrum Partners to form a new firm, Hubbard Street Partners, which he says will continue to build "world-class properties in Chicago locations."
Veteran CRE pro forms developer Hubbard Street Group in Chicago
RE Journal, 12.01.2016
Developer John McLinden has formed Hubbard Street Group, a new real estate development company focused on building world-class properties in prime Chicago locations.
Transit-Oriented Developments Are Transforming Chicago’s Urban Core
RE Business online, 10.27.2016
Mixed-use projects are booming, and for good reason: the city as we know it is fundamentally changing. Millennials are flocking away from the suburbs and into the city center, driving development in walkable urban cores that incorporate everything consumers need to live, work and play.
Centrum breaks ground on new $100 million mixed-use development in chicago's river north neighborhood
RE Journals, 08.03.2016
Chicago-based developer Centrum Partners has broken ground on a $100 million mixed-use development that includes a 50,000-square-foot office building at 412 Wells Street and an adjoining 195-unit luxury apartment tower at 221 West Hubbard in Chicago’s River North neighborhood.
Centrum Breaks Ground On River North Mixed-Use Development
Globe street, 08.02.2016
The property will include a 50K office building located 412 N. Wells St. and an adjoining 195-unit luxury apartment tower at 221 W. Hubbard St.
Centrum Partners has high hopes for its River North projects
Centrum Partners has high hopes for its River North projects, a 50k SF office building at 412 North Wells (below) and adjacent 195-unit apartment tower at 221 North Hubbard.
Developer lands $53 million loan for River North projecT
A Chicago developer has begun an apartment tower and office building in the shadow of the Merchandise Mar, after securing a $53 million construction loan.
TOD Developers Respond To High Demand
Globe Street, 11.30.2015
John McLinden of Centrum Partners says that his company, one of the most active TOD developers, acquired a lot of sites ahead of time, but with land prices going up, new deals will be difficult.
CENTRUM PARTNERS PLANNING 95 APARTMENTS NEAR THE 606
Centrum Partners unveiled renderings for Centrum 606, its proposed mid-rise multifamily development steps from The 606. The renderings come after months of overcoming objections to the project from community groups.
Altschool Wins Zoning Approval, Opening 1st City Location in Lincoln Park
DNA Info, 11.24.2015
It's official: San Francisco-based Altschool is expanding to Chicago — more specifically, it's coming to a site currently occupied by The Edge Bar and Grill.
Massive Wicker Park Development Could Bring Private School, 189 Homes
DNA Info, 11.19.2015
The huge "Wicker Park Connection" development that would span 2 vacant acres on the neighborhood's southeast end and include homes, retail and possibly a private school could be underway by spring.