THE LOOP — A developer plans to build apartments above the historic Miller's Pub in the Loop, but don't worry, the bar is going to stay.
Cedar Street Cos., the developer behind Chicago's FLATS apartments, plans about 175 units above the 80-year-old bar at 134 S. Wabash Ave., company partner Will Murphy said.
The project is the latest for FLATS, a prolific developer that first carved a niche renovating vintage towers on the North Side lakefront, but has been segueing into Downtown projects recently. The developer is converting River North's Bush Temple of Music and Blue Frog karaoke bar into apartments, and the office tower housing Miller's is the company's first acquisition in the Loop.
Dave Matthews details the changes taking place upstairs from Miller's Pub.
Cedar Street expects to spend about $50 million, including acquisition costs, converting the tower's office space into apartments, Murphy said.
"It's a great building. There's a lot of history," Murphy said.
Murphy said both Miller's and a McDonald's in the building will remain. The bar has been open since 1935, and has hosted the likes of Marilyn Monroe, Mayor Richard J. Daley, and Harry Caray over the years.
The apartments will range from roughly 500 to 600 feet, with monthly rents expected to cost roughly $1,500 to $1,800, Murphy said. The developer plans a rooftop deck and amenities including a gym, business center, and movie room, he said.
The project does not require a zoning change, and Murphy said Ald. Brendan Reilly (42nd), whose ward includes the site, has offered his blessing for the development.
Construction is expected to start late this year or in early 2017, and last about 18 months, Murphy said. The developer's plans were first reported by Crain's.
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