[Randomguy34]

Looks like the Wells St boom is gonna continue

10 acres of prime downtown land for sale

A stretch of 10 acres is up for grabs downtown, setting up the potential for one or more developers to redraw a big swath of the Near North Side.

In a rare offering of urban land that could be redeveloped with more than 5 million square feet of buildings, Moody Bible Institute is looking to unload a large portion of its downtown campus.

The evangelical Christian school, whose property spans a series of blocks between LaSalle Street and the CTA tracks north of Chicago Avenue, has hired investment sales firm HFF to sell a handful of "non-core" large properties it owns next to its main campus to help fund the school's new strategic growth plan.

Pricing is unclear for the parcels, west of LaSalle along Wells and Franklin streets. But HFF, which recently merged with Chicago-based real estate services giant Jones Lang LaSalle, is framing the property in a marketing flyer as an opportunity to transform underutilized property as the city's central core adds population, jobs and wealth.

https://www.chicagobusiness.com/comm...town-land-sale