Related Midwest refinances West Loop apartment tower with $105M loan

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Related Midwest Begins Pre-Leasing at Landmark West Loop Apartments in Chicago’s West Loop March 24, 2017. Related Midwest today announced the start of pre-leasing at Landmark West Loop, the developer’s 30-story, 300-unit luxury rental tower at 1035 W. Van Buren St. in Chicago’s West Loop.Related expects to top-off the tower later this month, with first occupancy planned for August 2017.

South Loop As the largest undeveloped parcel of land in downtown Chicago, this 62-acre site is a jewel hidden in plain sight. The plans for The 78 represent one of the most ambitious and transformative development projects in Chicago’s history.

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Landmark West Loop brings 300 luxury rental residences to the flourishing west loop neighborhood. The new 30-story tower is designed by New York-based Morris Adjmi Architects, whose recent projects include 837 Washington, an award-winning office building across from the High Line in Manhattan’s Meatpacking District; and the Wythe Hotel, a refurbished factory on the Brooklyn waterfront.

CA Ventures has been busy in the Central Loop. In June 2017, the firm acquired the Century Building at 202 South State St. and the Consumers Building at 220 South State St. for $10.4M and will convert.

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Cohen Financial closes $11 million loan for 160-unit apartment community July 18, 2019. Related Midwest gets $75 million financing for new West Loop apartment tower

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Magellan Development Co., the master developer of the Lakeshore East neighborhood in downtown Chicago, received a $36 million loan from PCCP for the on-site. and riverfront properties-most of them.

Ryan Cos. and San Francisco-based Shorenstein are moving forward with plans for a luxury apartment building on the eastern edge of the North Loop neighborhood. The proposal is currently being reviewed.

James Kutill, vice president at appraisal research counselors, says." The venture redeveloping the former stateway gardens public housing project on the South Side is preparing to start its next phase, which will include 108 apartments and cost $41 million.

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Back in January, two towers, expected to deliver hundreds of apartments to the West Loop, were proposed for 1050 and 1125 W. Van Buren Street. The project would bring more apartments within one.