Midwest
Chicago’s Lake Shore Drive to Sprout 500-Unit Luxury Apartment Tower
A new residential high-rise will soon grace the skyline of Chicago, now that Related Midwest has kicked off construction of a 45-story luxury apartment building on a one-acre, block-long site at 500 Lake Shore Drive.
University Residence Hall and Dining Facility Opens in St. Louis
St. Louis–A very tight time frame and the presence of in-ground obstructions were among the challenges surmounted in completing a new $15 million freshman residence hall and dining facility at Harris-Stowe State University in St. Louis.
Chicago’s One East Delaware Captures LEED EB Silver
Chicago–The first Chicago apartment property to earn multifamily LEED EB Silver certification from the U.S. Green Building Council is One East Delaware. The 22-year-old, 36-story, 306-unit upscale tower on the Windy City’s pricey Gold Coast is the nation’s third largest apartment community to gain the certification.
Buckingham Cos. Commences Rebranded CityWay Project in Indianapolis
Indianapolis–Buckingham Cos. has just broken ground on its new upscale mixed-use development in downtown Indianapolis. Designed as a transformative development, the $155 million project will mark another big step in bringing together two areas of the city.
KTGY Designs Campus Housing for Wide Open Spaces
Laramie, Wyo.–The Cowboys and Cowgirls of the University of Wyoming (UW) in Laramie will have fresh student residence options come summer of 2012.
Joint Venture Acquires Unfinished Chicago Structure, Plans Apartments
Chicago–Related Cos. and Clark Wacker L.L.C. have formed a joint venture to acquire 111 West Wacker Dr. in downtown Chicago, with about 500 upscale apartments planned for the building.
Work Begins on Affordable Seniors Housing in Gurnee
Gurnee, Ill.–Credit Capital L.L.C., together with partner Richman Group, have underwritten a $20.2 million private equity investment to construct an affordable seniors-housing complex.
$40M Historic Preservation Project Converts Courthouse to Apartments
The Alexander Co. is transforming the long-shuttered, 1930s-era U.S. Federal Courthouse in downtown Kansas City, Mo., into 176 high-quality workforce-housing apartment residences.
New Developer Re-Starts Residential Project in West Suburban Chicago
Hinsdale, Ill.–Inland Opportunity Fund L.L.C. recently bought the partially developed Hamptons of Hinsdale with the goal of repositioning it for today’s market.
Dominium Plans $80M Rescue of “Endangered” Minneapolis Property
Minneapolis–Dominium plans an $80 million transformation of its adaptive-reuse project in Minneapolis into a 240-unit affordable housing complex.