View Single Post
  #76  
Old Posted Feb 1, 2013, 8:16 PM
urbanpln urbanpln is offline
urbanpln
 
Join Date: Jul 2007
Location: chicago
Posts: 245
Quote:
Originally Posted by ardecila View Post
That "practically no construction" is the problem; it's risky. Try getting a bank to lend to a project in a market with no new construction in decades. Remember that the Harper Court project is hotel, retail, and office - the residential tower isn't funded yet.
Yeah but I would bet you that the U of C is backing this deal since they owned the land and issued the RFP back in the summer.
Reply With Quote