Search
 

$93M Loan Puts 227 More Streeterville Condos in Works

CHICAGO-Architect Helmut Jahn returns to the city to design his first condominium building here, a 41-story concrete, steel and glass structure at 600 N. Fairbanks Ct. Jahn's involvement was a factor in Fremont Investment & Loan's decision making.

By Mark Ruda | Updated on April 11, 2006

(To read more on the debt and equity markets, click here.)

CHICAGO-Urban R2 Development and Schatz Inc. have landed a $93-million construction mortgage from Fremont Investment & Loan, which will allow them to build a 227-unit condominium building at 600 N. Fairbanks Ct. Architect Helmut Jahn returns to Chicago after a three-year absence to design his first condominium building here, a 41-story concrete, steel and glass structure.

Fremont Investment & Loan vice president David Sharp suggests Jahn’s involvement will play a role in the project’s success, as well as helping underwrite it in a Streeterville area with an abundance of units hitting the market as well as drawing boards. In addition to being three blocks west of Navy Pier, it also is a quarter-mile northwest of the site of the proposed Fordham Spire.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.