1 South Franklin Street, Chicago, IL 60606

This commercial land is strategically located near several significant developments. It is readily accessible to the planned $7 billion Chicago Bulls 1901 Project, a mixed-use development set to feature expansive retail, residential space, and a 6,000-seat music venue. The property is also ideally positioned near The 78, a $7 billion, 62-acre mixed-use development along the Chicago River, which will include a $650 million privately funded Chicago Fire soccer stadium with a capacity for 22,000 fans. Furthermore, it is strategically located near the $1.7 billion Bally’s Chicago Casino in River West, a transformative entertainment development scheduled to open in 2026. The site is proximate to Chicago’s core downtown leisure demand generators, including Navy Pier, Michigan Avenue’s Magnificent Mile, Millennium Park, Grant Park, and the Lake Michigan shoreline, as well as corporate demand drivers, including approximately 157 million square feet of prime office space and 15 Fortune 500 headquarters. McCormick Place, the nation’s largest convention center, is also nearby, drawing over 4 million visitors annually to nearly 2.7 million square feet of exhibition space and more than 150 major events. Chicago O’Hare, one of the world’s busiest airports, is undergoing a $12 billion renovation and modernization project to enhance capacity, expand routes, and drive future passenger growth. O’Hare welcomed over 80 million passengers in 2024, recording an 8.3% year-over-year increase.