{"id":1004106649,"date":"2014-10-31T12:59:43","date_gmt":"2014-10-31T20:59:43","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=303060"},"modified":"2021-05-15T06:51:15","modified_gmt":"2021-05-15T14:51:15","slug":"cim-group-breaks-ground-on-block-37-residential-tower-in-downtown-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cim-group-breaks-ground-on-block-37-residential-tower-in-downtown-chicago\/","title":{"rendered":"CIM Group Breaks Ground on Block 37 Residential Tower in Downtown Chicago"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

Block 37 Residential Tower<\/p>\n<\/div>\n

Los Angeles-based developer CIM Group recently broke ground on a 34-story, 690-unit residential tower at Block Thirty Seven, the largest apartment project in Chicago\u2019s Loop neighborhood in decades.<\/p>\n

Designed by Solomon Cordwell Buenz (SCB), the tower at 108 North State Street is part of a larger mixed-use development project which broke ground back in 2005. CIM Group plans to reestablish Block 37 as a high-profile location in the heart of The Loop, by combining a 34-story residential tower with approximately 400,000 square feet of retail, entertainment and dining space, up to 450,000 square feet of office space, and a 354-room hotel.<\/p>\n

\u201cThe residential tower at Block Thirty Seven will bring a new, mixed-use residential and retail development to Chicago, and as importantly, create hundreds of good-paying construction jobs for Chicago workers,\u201d said Chicago Mayor, Rahm Emanuel.<\/p>\n

Located on the square block bounded by W. Randolph St., N. State St., W. Washington St. and N. Dearborn St., Block Thirty Seven takes its name from one of the original 58 blocks established in the city in 1830, and is part of the central business district which includes Chicago City Hall and the James R. Thompson Center. According to a news release, the 690-unit apartment tower will sit atop the five-story, 275,000-square-foot Block Thirty Seven retail center, already a popular shopping and entertainment destination developed by Joseph Freed and Associates.<\/p>\n

\u201cState Street in this portion of The Loop is rich in culture, shopping, dining and entertainment,\u201d said Avi Shemesh, co-founder and principal of CIM Group. \u201cNow with the vision of city leaders and the support of the community, it is transforming into an even more distinctive urban district by bringing residences to the area.\u201d<\/p>\n

The tower at 108 N. State St. will offer residents ample city views from its fifth floor amenity deck with an outdoor pool and spa, and will also feature a rooftop spa and fitness center. Additionally, CIM Group intends to bring an 11-screen AMC Dine-In Theatre to the building\u2019s fourth floor.<\/p>\n

Rendering courtesy of Solomon Cordwell Buenz via Chicago Curbed<\/a><\/em><\/p>\n

Click here<\/a> for more market data on Chicago<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Los Angeles-based developer CIM Group recently broke ground on a 34-story, 690-unit residential tower at Block Thirty Seven, the largest apartment project in Chicago’s Loop neighborhood in decades.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004106649","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"\nCIM Group Breaks Ground on Block 37 Residential Tower in Downtown Chicago - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cim-group-breaks-ground-on-block-37-residential-tower-in-downtown-chicago\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIM Group Breaks Ground on Block 37 Residential Tower in Downtown Chicago\" \/>\n<meta property=\"og:description\" content=\"Los Angeles-based developer CIM Group recently broke ground on a 34-story, 690-unit residential tower at Block Thirty Seven, the largest apartment project in Chicago’s Loop neighborhood in decades.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cim-group-breaks-ground-on-block-37-residential-tower-in-downtown-chicago\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-31T20:59:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T14:51:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/block-37-apt-tower.png\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cim-group-breaks-ground-on-block-37-residential-tower-in-downtown-chicago\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cim-group-breaks-ground-on-block-37-residential-tower-in-downtown-chicago\/\",\"name\":\"CIM Group Breaks Ground on Block 37 Residential Tower in Downtown Chicago - 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