Edwards Realty Co. Acquires Downtown Chicago Mall Block 37 for $30 Million
Edwards Realty Co. has purchased Block 37, a downtown Chicago mall, for $30 million and plans to rebrand and revamp it with a focus on diversifying tenants to include retail, entertainment, and unique dining experiences.
Chicago, IL, October 8, 2026 —
Chicago, IL – Edwards Realty Co. has announced the acquisition of Block 37, a prominent mall located in downtown Chicago. The sale was finalized for a reported $30 million. The real estate firm has outlined plans to undertake a significant rebranding and revitalization effort for the property.
The proposed revamp aims to diversify the tenant mix within Block 37. Current plans indicate a strategic shift to incorporate a broader range of businesses, moving beyond traditional retail to include entertainment venues and unique dining establishments. The specific details regarding the timeline for these changes and the types of entertainment or dining experiences are not yet available.
Block 37’s location in the heart of downtown Chicago positions it as a key commercial hub. The acquisition and subsequent redevelopment are expected to impact the area’s retail and leisure landscape. Information regarding potential new tenants or specific entertainment operators has not been disclosed at this time.
Further details on the rebranding strategy and the phased approach to the revamp will be released by Edwards Realty Co. as the project progresses. The company has not provided an estimated completion date for the redevelopment or announced any specific partnerships for the entertainment or dining components.
Story summarized from the original created by Bianca Cseke on www.wbez.org, see more information here.
