The Chicago Community Development Commission has approved $98 million in Tax Increment Financing (TIF) for a $240 million office-to-residential conversion at 135 S. LaSalle. The redevelopment plans include transforming 624,000 square feet of the tower into 386 residential units, along with 92,000 square feet of retail space, which will feature a grocery store. The project will also preserve the upper-level office spaces and add terraces to the building’s setbacks.