Millennium on LaSalle consists of 211 "Class A" residential rental units located in the West Loop at 29 S. LaSalle. This building is located in Chicago's most concentrated office and financial sector with limited multi-family available. An adaptive reuse development to multi-family could tap into this unserved market. Stabilization could be ramped up quickly as this would be the closest "walk to work" apartment building in the LaSalle Financial/Historic District. This immediate area continues to transition to more of a 24/7 work live environment. Many new hotels have popped up in this area including two recent adaptive reuse hotels. Retail continues to grow and restaurants are expanding at a strong rate to capture this trend. State Street continues to see rapid growth and this retail corridor is only two blocks away.