CHICAGO-The developers of a 72-story condominium tower that overlooks Millennium Park have refinanced their project. A venture headed by Chicago-based Mesa Development LLC has obtained a $60.6-million loan last month from PrivateBank & Trust and U.S. Bank to refinance the 355-unit development at 60 E. Monroe St.
The loan will allow Mesa Development to maintain control of the Legacy at Millennium Park. The developer has sold just 55% of the condos in the project. For the full story, go to Crain's Chicago Business .
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