Less than two years after buying a loft office building on Chicago’s North Side with plans to redevelop it, a team of local developers is changing course with plans to replace the low-rise brick structure with a 340-unit apartment tower.
Apartment tower proposed on Chicago's North Side as rents climb
If approved, 340-unit high-rise would replace four-story building
By Ryan Ori
CoStar NewsFebruary 4, 2026 | 9:09 P.M.
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IN THIS ARTICLE
- Properties
- Dayton Street Office Lofts
1415 Dayton St, Chicago, IL
- Companies
- Honore Properties
Construction
- Peerless Development, LLC
Real Estate
- Contacts
- Mike Cordaro
Founder/Principal, Peerless Development, LLC
- Michael Shenouda
Owner, Honore Properties