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Baum Revision of Chicago and the city of Madison have completed the sale of the building and entered into a ground lease. In August, the city approved the developer’s plan to convert the historic building at 109 S. Fair Oaks Ave. into an artisan food production facility with up to 50 “microlodging” units available for short-term rental.
“(Baum’s) vision for food-related ventures in the beautiful and historic building captured my imagination and those of many near east side neighbors.”
So far, Nessalla Kombucha, Ayurvedic Wellness, Sitka Salmon, Ian’s Pizza, Calliope Ice Cream and Underground Catering have signed leases for space in the building and additional agreements are in the work.
“We are excited to be a part of this amazing project and proud to be involved in our community’s growth and sustainability.”
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