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CHICAGO-Jameson Development, LLC has lined up $67.4 million to build a 34-unit condominium building at 50 E. Chestnut St. The 34-story building in the Gold Coast neighborhood will have one unit, averaging 3,870 sf, on each floor.

Corus Bank is financing the project with a construction loan as well as mezzanine loan, says senior vice president John R. Markowicz. "Fifty East Chestnut will be a truly unique building in one of Chicago's premier neighborhoods," he adds.

Jameson Development also is adding 8,000 sf of retail space to the corner of Chestnut and Rush streets, on a site just west of the Tremont Hotel. The building also will have a 51-space parking garage. The condominium tower will replace a 45-year-old commercial building on the 11,000-sf site that sold for $8 million in 2004, according to property records.