Chicago & Midwest + Downtown + Student Housing | August 16, 2018

Landmarked Printer’s Row Building Trades for Apt. Conversion

3L Real Estate, which specializes in developing vintage residential properties, has acquired a student housing property in the Printer’s Row neighborhood from Columbia College. Terms were not disclosed, but 3L will reportedly lease back the landmarked property at 731 S. Plymouth Ct. to the college for one year, before turning it into rental apartments.

Calling 731 S. Plymouth “another building that is unique to Chicago and its rich architectural legacy,” 3L CEO Joseph Slezak said, “The Printer’s Row neighborhood is poised to grow stronger with its convenient location and access to the Loop, and the addition of nearby new commercial spaces like the Old Post Office that will be the new home for Walgreens’ offices.”

3L acquired the Johnson Building at 820 S. Michigan Ave. from Columbia College last fall. Currently undergoing renovation, it’s scheduled for delivery as a rental property in the summer of 2019.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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