Search
 

D2 Plans $150M South Loop Rental Tower

CHICAGO-D2 Realty Services Inc. buys a 110,000-sf development site at 1000 S. Clark St. for the company's future $150-million multifamily rental project, the Curve.

By Dana Dubriwny | Updated on August 21, 2006

(To read more on the multifamily market, click here.)

CHICAGO-Locally based D2 Realty Services Inc. has purchased a 110,000-sf development site at 1000 S. Clark St. for its future multifamily rental project, the Curve. Once complete, the $150-million development will consist of 600 multifamily units above a base housing 50,000 sf of retail and parking.

Unlike several other residential towers going up in the Printer’s Row neighborhood that are for-sale, the Curve will offer townhomes and units for lease. Designing the building as a rental project rather than a condominium tower quiets the fear of oversupply in the marketplace, David Kleiman, principal with D2, tells GlobeSt.com.

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.