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Chicago office building set for $50 million renovation after first ownership change in decades

Blue Star, Wolcott Group buy historic tower long owned by late billionaire Sam Zell
The art deco office building at 2 N. Riverside Plaza in Chicago has been sold to Blue Star Properties and Wolcott Group. (Robert Gigliotti/CoStar)
The art deco office building at 2 N. Riverside Plaza in Chicago has been sold to Blue Star Properties and Wolcott Group. (Robert Gigliotti/CoStar)
CoStar News
July 21, 2025 | 10:51 P.M.

A Chicago firm known for unique real estate projects including the Salt Shed concert venue has bought a riverfront office tower previously owned by late billionaire Sam Zell for half a century, with plans for a $50 million renovation.

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