Campari, R2 seek $28M from city for Loop office-to-resi conversion; would be first to benefit from initiative formerly known as LaSalle Street Reimagined

  • 10/4/2024

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Campari Group and R2 have secured a key vote for taxpayer funding in their bid to convert a historic Loop office building into apartments. Chicago’s Finance Committee recently approved $28 million in public funding for the developers to partially convert the 14-story building at 79 West Monroe Street into 117 apartments, Crain’s reported. The committee’s unanimous approval sets the stage for a final City Council vote, which is expected as soon as next week. 

R2 Companies
Zack Cupkovic | Partner-Acquisitions/Dispositions

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