EVANSTON, IL-The developers of a projected 175-unit multifamily project in Evanston are getting ready to break ground. A joint venture between Atlanta-based Atlantic Realty Partners and Northfield-based Focus Development Inc. has secured $12 million in equity from Washington-based Carlyle Group.
The joint venture secured the financing for the $43-million apartment project at 1717 Ridge Ave. The complex, dubbed Seventeen17, will have eight floors of apartment and two floors of parking on the one-acre site bought from the property's lender. For the full story, go to Crain's Chicago Business .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
