CHICAGO-Developers Lake Tower Development LLC, an affiliate of GE Pension Trust, and Ricker-Murphy Development LLC received funding for their 86-unit condominium project called Ritz-Carlton Residences at Lincoln Park 2520.
According to the developers' plans, the project will deliver new units to the market by 2011. It will be the first ultra-high-end tower in Lincoln Park since 2001. The project is a major boost for Chicago's condominium construction market. For the full story, go to Chicago Tribune.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
