10/27/2026
HMPG Project of the Month- October 2026
415 N. Dearborn, Chicago IL
Construction is underway on HMPG’s design to convert the top three floors of the five-story timber loft building at 415 N. Dearborn in River North into residences.
Built in 1925, 415 N. Dearborn is one of the brick-and-timber warehouse, printing, and textile manufacturing buildings that defined River North in that era. Heavy old-growth Douglas fir beams and load-bearing brick walls supported massive machinery. These commercial lofts featured 10-to-12-foot ceilings, exposed structural framing, and large windows that brought daylight deep into factory floors—features that now make them desirable for boutique residential conversions.
Blue Sushi on the first floor and Ghost Donkey Tequila Bar on the second will remain as tenants during the renovation. After the pandemic left floors three through five without office tenants, the current owners identified an opportunity for residential conversion. Departing from the area’s trend toward smaller units, the project provides six spacious apartments, two per floor: a south-facing, 3,046-square-foot unit with four bedrooms and four-and-a-half baths, and a north-facing, 1,928-square-foot unit with three bedrooms and three baths. Each has a large private balcony. The design appeals to families and roommates seeking to enjoy all that River North offers.
Locating residences above an operating restaurant and nightclub required measures to control noise and vibration. A floating floor was added above the existing third-floor assembly to provide acoustic isolation and insulation, while the fifth-floor ceiling was isolated from the roof structure to reduce vibrations from rooftop equipment. Initial occupancy is expected in Q2 2027.
Developer: Centrum Realty and Development LLC
Contractor: McNea & Sons Construction
MEP-FP Engineer: The Engineering Studio
Structural Engineer: C.E.Anderson & Associates
Acoustic Consultant: Acoustica Design