Two-tower development coming to site of former Chicago Spire project

Wintrust Business Lunch

English - January 18, 2024 16:28 - ★★★★★ - 8 ratings
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Steve Grzanich has the business news of the day with the Wintrust Business Minute. A developer has secured more than $500 million in construction financing for the two-tower development at the site of the former Chicago Spire project. Developer Related Midwest says the first phase of the project will include a 72-story, 635-unit apartment building […]

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A developer has secured more than $500 million in construction financing for the two-tower development at the site of the former Chicago Spire project. Developer Related Midwest says the first phase of the project will include a 72-story, 635-unit apartment building at 400 N. Lake Shore Drive along with a a park and pedestrian path connecting the Chicago Riverwalk to the lakefront. Completion of phase one will likely happen in spring 2027. A second tower will be built after that.

Also, Itasca-based Accertify has been sold to a private equity firm by American Express. Listen for more below:

https://serve.castfire.com/audio/4481249/4481249_2024-01-18-163349.64kmono.mp3