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Originally Posted by spyguy
"Updated" rendering - really just Rush branding added to it
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And, Crain's has just reported that the developer (same group behind those fugly PH "Michigan Ave Towers" on the west side of the street) closed on a $53 million loan. Lender is not a traditional bank, it's an investment firm....we'll continue to see more construction financing from non-bank lenders as banks have really tightened up standards (not closed-off financing, to be sure - so some developers will still land traditional bank loans) this year......article also mentioned general contractor is LendLease (a lot of folks still get confused by Lendlease - they are both a developer and a contractor - most projects they are involved with in Chicago they are just the GC......they are however also getting more involved with developing their own projects in the US, and locally, the premier example in the Chicago market of course being Riverline)...