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Greenstone Markets Former Loop Woolworth’s as Redevelopment Opportunity
Greenstone Partners has been exclusively retained to advise in the sale of an urban, mixed-use property in the Chicago Loop. The 112,495- square-foot building located at 209-227 S. State St. is positioned for a large-scale ground-up development or redevelopment of the existing structure. Greenstone CEO and managing partner Danny Spitz and director Malek Abdulsamad are representing the seller.
“The building, a former Woolworth & Co. property, features the most favorable zoning designation in Chicago —which makes it primed for redevelopment with maximum density,” said Spitz.
Situated on an approximately 20,296-square-foot parcel of land, the property is currently vacant and offers a total buildable area of roughly 325,000-square feet under current zoning. “This property offers the full menu of flexibility — adaptable for either ground-up development or a redevelopment — and has the potential to become a newly renowned State Street property.” Abdulsamad said.
- ◦Sale/Acquisition

