And capri investment group rose to the occasion and proposed a conversion of 111 west monroe to a mix-use building that will house 349 apartments and 226 hotel rooms. · the company says 111 w. · the permit review committee has approved the adaptive reuse of 111 w. · the prime group, inc. Will be converted from office space to 345 mixed-income residential units through up to $40 million in tax increment financing (tif) assistance and other incentives approved by city council today. · a joint venture is turning the upper floors of 111 west illinois street into 153 luxury apartments. · twelve floors of the historic harris trust and savings bank building at 111 w. Planned by prime/capri interest, llc, made up of the prime group and capri investment group, the developers acquired the building from bmo in the summer of 2022. Construction begins this summer, with opening expected by summer 2026. Illinois exemplifies its commitment to strategic urban redevelopment and sustainable growth. · landmark status and tax incentives have been approved for the mixed-use redevelopment of 111 west monroe street in the loop. · formerly salesforce’s midwest headquarters, the 2008-built structure will be transformed into 153 premium residential units, taking advantage of its modern infrastructure and prime location in one of the city’s most desirable submarkets.

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