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Safehold Inc., a REIT specializing in ground leases, has agreed to create a $180 million ground lease for 685 Third Avenue, a 31-story office tower one block from Grand Central Terminal.
300 Lakeside is on the market and while the asking price wasn't disclosed, close-in property pricing suggests its sale price could exceed $600 million or triple Swig's purchase price in 2005.
Chicago's tech ecosystem is the city's fastest-growing industry sector with more than 4,000 digital companies—a more than 270% growth rate in just 10 years.
The plans will support efforts to attract community-supported Opportunity Zone investments, build investment readiness, and help the respective communities to meet their goals for Opportunity Fund investment.
The space will include The Residences at The Allen and Lifestyle Pavilion, Thompson Hotel, a fitness club, two restaurants, retail spaces and an office building between downtown, Galleria/Uptown area, Midtown and the Texas Medical Center.