Construction has begun, with an opening planned for next summer, Garrison said. R2 and its partner, Chicago-based Blue Star Properties, are converting the building, known for its massive Morton Salt sign visible from the Kennedy Expressway, into a music and entertainment venue and a research and development center for Morton Salt. ![]() R2 also is busy with a major redevelopment of the former Morton Salt warehouse along the North Branch of Chicago River. R2 has hired Cushman & Wakefield to sell the building, which is likely to fetch more than $50 million, Garrison said. is 100% occupied, with tenants including CB2, Elite Staffing and Transportation One logistics. This revisionist look at the last 67 days of Vincent van Gogh’s life by the highly talented writer-director Maurice Pialat (La gueule ouverte, A nos amours, Under the Sun of Satan) shows the. Now, R2 is getting ready to put another property up for sale, a 140,000-square-foot former factory on Goose Island that it converted into office space. R2 had considered converting the Germania’s upper floors into creative office space but changed plans after connecting with a broker for Lighthouse Immersive last year. R2 CEO Matt Garrison said he’s happy with the outcome, especially considering the difficulty of leasing space during the pandemic. “After a year of ambiguity and fear, investors have been flocking to cash-flowing assets,” Spitz said. The property also offers a relatively safe investment with a steady yield, a plus in a real estate market disrupted by the COVID-19 pandemic. “The building is unique, the tenancy is unique,” said Danny Spitz, CEO and managing partner of Greenstone Partners, the Chicago-based brokerage that arranged the sale. Germania Place is listed on the National Register of Historic Places and is fully occupied, with other tenants including Lincoln Park Preschool and CorePower Yoga. ![]() Lighthouse Immersive, the Toronto-based producer of the Van Gogh exhibit, signed a five-year lease for its space and plans more shows there after the show ends, stabilizing the property’s income stream.īuilt in 1888 as a social club for German immigrants, the building at 108 W. ![]() The show filled an upper-floor ballroom space formerly leased to a tenant that hosted weddings and other events there but had struggled to pay its rent.įeaturing massive projections of Vincent Van Gogh’s paintings, the art show has generated buzz and sell-out crowds-along with a new source of income for the building. “It catches you off guard and brings you into the painting.The addition of the Van Gogh exhibit just months ago boosted the Germania Club’s value. “You look down and you have half of ‘Starry Night’ on your body,” she said of the experience. Bevil, who decorated her entire office with images of “The Starry Night,” traveled through the exhibition in January with her partner and her children. ![]() She waited months to attend the “Van Gogh Alive” exhibit at the Dalí Museum. In Indianapolis, ticket prices are not set for a van Gogh exhibition to open THE LUME, a new digital art installation space at Newfield’s, the city’s art campus, that will feature content produced by Grande Experiences, the makers of “Van Gogh Alive.”Ī price tag of $25 did little to dampen the enthusiasm of Sarah Bevil, 29, a self-described van Gogh fanatic from Zephyrhills, Fla. Tickets for the van Gogh shows, which are produced by for profit entities, range in price from $25 to $65 for adults. Siccardi’s intention, Ross said, is “to go into van Gogh’s mind to show us what flashed before his eyes before he passed away.”
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