Chicago Developer Latest to Pitch Project at North Loop's Duffey Paper Site

Jul 23, 2019 In the Community

Apartment construction in the North Loop has continued unabated for the past several years. At least a half-dozen projects are in the pipeline or under construction, including a mixed-use project with 450 units in a 36-story tower that was announced last week.

This plan is one of several pitched in recent years for the site. After Duffey Paper was sold to a New York-based investment firm in 2016 and the company moved its operations out of the city, the Duffey family started shopping for a buyer for the buildings.

Several local and national developers toured the buildings with architects and designers; since then at least three prospective buyers have taken a swipe at the project. The most recent was Plymouth-based Dominium, which announced plans last summer to turn the building into about 200 units of income-restricted housing. But by December the company scuttled those plans after an impasse with the city over terms related to the long-term affordability of the apartments.