Press Releases

CIM GROUP COMPLETES CONSTRUCTION OF MARQUEE AT BLOCK 37 APARTMENT TOWER; PREPARES FOR OPENING

First move-ins planned for June 1
5/31/2016


CHICAGO – May 31, 2016 – CIM Group has completed construction of the 690-unit Marquee at Block 37 apartment tower, setting the stage for moving in the first residents on June 1.  Rising 34 stories atop the northern end of the four-level Block Thirty Seven retail center, the sleek, glass-clad apartment tower offers sweeping views of Chicago and is one of the largest newly-constructed apartment buildings in the city.  Marquee brings new transit-oriented residences to The Loop, offering direct access to the city’s extensive pedway system, which connects tenants to many local businesses and attractions as well as the red and blue CTA lines.

Located at 25 West Randolph Street in the heart of Chicago’s State Street retail corridor and Theatre District, Marquee at Block 37 offers modern studio, one- two- and three-bedroom floor plans with a host of on-site amenities including a spacious outdoor pool and sundeck, fire pits, rooftop hot tub and terraces, dog run and wash, fitness center, event room, business center and an expansive outdoor terrace overlooking State Street.  The leasing office for Marquee has now relocated on site.

The 275,000-square-foot Block Thirty Seven retail center is itself a top-tier amenity, just a private elevator ride away for Marquee residents.  Block Thirty Seven offers an array of shopping, dining and entertainment options, including such recent additions as an 11-screen AMC Dine-In Theatre and the popular 22,000-square-footLatinicity,a sophisticated casual dining hall featuring multiple authentic Latin cuisine options created by Richard Sandoval Restaurants.  Coming soon, adding to the center’s premier dining options, isThe Dearborn – an Urban American Tavernfrom the Lawless family set to open at the corner of Randolph and Dearborn Streets. 

Completion of Marquee is the final phase of the mixed-use Block Thirty-Seven development at this prominent State Street location.  CIM Group, which acquired the retail center at 108 N. State Street in February 2012, has applied its experience and proven track record of creating successful urban mixed-use properties located in major U.S. markets to the repositioning of the center as an attractive destination for the community, including the addition of the anticipated residential tower, which began construction in October 2014. The tower and retail center are among CIM’s growing portfolio of investments in Chicago’s Loop, which the company identified as possessing the attributes that fit CIM’s investment model that focuses on established and emerging urban areas with solid infrastructure and transportation networks.

For leasing and additional property information visit www.marqueeblock37.com.

 

About CIM Group

CIM Group is a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. CIM Group draws on its experienced team of real estate, investment and finance professionals to identify and pursue investment opportunities in five strategic categories: repositioning and development projects, well-positioned operating properties, value-add properties, debt, and infrastructure.  Headquartered in Los Angeles, CIM maintains regional offices in New York, the San Francisco Bay Area, Bethesda, Maryland, and Dallas. For more information, please visit www.cimgroup.com



Back to previous page