Financing secured for Ludlow Building adaptive reuse

The developers of the Ludlow Typograph Building have secured a $48 million construction loan to fund the conversion of the building into apartments. Located at 2032 N. Clybourn, the building is directly adjacent to the future phases of Lincoln Yards, as well as other Sterling Bay projects including 2031 N. Kingsbury and 2100 N. Southport.

Planned by Heart of America Group, the 140,000-square foot building will be converted into 121 apartments. Formerly the headquarters of the Anixter Center, the redevelopment will include 19,000 square feet of commercial space, a food hall, and a rooftop bar open to the public. GREC Architects are leading the design.

The structure was designated as a Chicago landmark back in May 2022, with its exterior facade protected by the designation. Built and expanded over time, the original portion was constructed in 1913 with a design by Alfred S. Alschuler. Subsequent additions came in 1918, 1921, 1928, and 1948 as the company expanded.

With funding in place, work has begun on the interior demolition before the conversion begins fully. Power Construction is the general contractor in charge of construction.