CBRE is pleased to announce the opportunity to acquire 2328 South Michigan Avenue, Chicago, Illinois. (“Property” or “Site”). This ± 30,492 square foot site located at 2328 South Michigan Avenue, Chicago, IL in the dense urban South Loop neighborhood. 2328 S Michigan is centrally located between I-55, I-90, and Lake Shore Drive, providing easy access to virtually anywhere in the City and surrounding Chicagoland area. Further, the property is located in an amenity rich area, quick access to popular attractions like Wintrust Arena, Soldier Field & Museum Campus, Northerly Island, and McCormick Place Convention Center, the largest convention center in the United States. The subject property was recently rezoned into a Planned Development (1592), with underlying DX-5 zoning and fully entitled for 256 residential units. The PD plans currently show a phased development with two different residential product types - high-rise and mid-rise development. The mid-rise along Michigan Ave is currently programmed as 7 stories with ±104 units, while the high-rise portion, which sits behind the mid-rise, is entitled for up to 18 stories with a 152 units. The two buildings allow a developer to do a phased approach over time, and it creates a unique courtyard amenity for future residents.