Streeter Place will have green tinted curtain wall glass withunits having floor-to-ceiling windows, similar to the Streeter.There will be a mix of studios, one-, two- and three-bedroom units.The average unit size will be 945 sf, Newman says. The rental ratesfor the building have not been decided yet but, the rental ratesfor the Streeter are currently between $2.50 per sf and $2.60 persf, and "we expect it to be somewhat higher," he says.

The project will have a 12-story base with approximately 10,000sf of retail with food service and other retail geared to the localusers, Newman says. The base will also have resident amenities suchas a business services center, party room, game room, readinglounge, media room, fitness center and outdoor terrace with aswimming pool. The building will also have a 402-space parkinggarage. James McHugh Construction Co., based in Chicago, isconstructing the 54-story tower. The architect is Solomon CordwellBuenz and Associates. The building is expected to be completed inNovember 2009. Ullico Inc. is providing the financing for theproject, according to a released statement from McHugh.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.