CHICAGO—A venture of locally-based development firm John Buck Co. has secured an $89-million construction loan from Cincinnati-based Fifth Third Bank for its high-rise apartment project on North Michigan Avenue here.
The financing will allow John Buck to move forward with its plans to build a 42-story, 402-unit apartment building at 200-214 N. Michigan Ave. The development will also include almost 25,000 square feet of retail space on the lower two floors, according to Crain's Chicago Business.
Buck Senior Vice President Rich DeLeo says construction of the tower will begin by early in the second quarter. He adds that the project is expected to be completed by early 2016. See story in Crain's Chicago Business.
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