“The Chicago City Council has approved an office to residential conversion proposed at 223 W. Erie. Planned by Concord Capital, the existing seven-story office building is located at the southeast corner of N. Franklin St and W. Erie St. The ground floor has retail space with six floors of office space above.

“Located at the intersection with North Franklin Street, adjacent to the CTA Brown Line tracks, the project joins a growing collection of residential conversions around downtown. The effort is being led by Concord Capital.

“Rising seven stories, the building currently houses retail space on the ground floor, occupied by a jeweler and a flooring service, both of which will remain. The upper levels contain 24 office suites, most of which are vacant.

“To carry out the conversion, Concord has enlisted the local architecture firm Kennedy Mann to design the project.

“To preserve the character of the brick-clad building, the developer plans to retain all existing external fire escapes.

“The project is expected to cost $18.4 million and is seeking approval for zoning variances, including the absence of on-site parking. As such, the proposal will require both aldermanic and city approval. No timeline has been announced at this time.” (Achong, Chicago YIMBY, 7/24/25)

Read the full story at Urbanize Chicago and Chicago YIMBY

• City Council approves residential conversion at 223 W. Erie; The upper six floors would be converted into 66 apartments, Lukas Kugler, Urbanize Chicago, 10/9/25
• Residential Conversion Pitched For 223 W Erie Street In River North, Ian Achong, Chicago YIMBY, 7/24/25
• 223 W Erie St, Chicago, IL 60654 Listing on LoopNet