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1100 N. State St. Secures $31 Million

CHICAGO—Landlords with properties in this area are collecting much higher rents than previously achieved due to the increase in demand.

By Brian J. Rogal | Updated on August 19, 2015

CHICAGO—Eleven Hundred, LLC has just gotten $31.5 million of senior financing for its 30,000 square-foot retail development at 1100 N. State St., the former location of the Hunt Club.

David Pisor, the developer of the former Elysian Hotel & Residences – now the Waldorf Astoria, and Jim Lasky, the owner and founder of the 18-year old Hunt Club, are the principals of the project. Located in Chicago’s Gold Coast neighborhood, the development now includes a new steak house, Maple & Ash, in place of the Hunt Club, and an 19,000 square-foot Urban Outfitters store.

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