(To read more on the multifamily market, click here.)
CHICAGO- Terrapin Properties, based here, has secured an$83.5-million loan from locally based Corus Bankshares Inc. tofinance the construction of a 298-unit condominium tower.Construction has already begun for the Residences at BurnhamPointe, a 29-story building at 720 S. Clark St. in Chicago'sPrinter's Row.
The total cost of the project is estimated at more than $100million, says Michael Ezgur, a principal with Terrapin Properties.The first residential occupancies and retail occupancies should bein the beginning of next year.
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
*May exclude premium content
Already have an account?
Sign In Now
© 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.
