This Week's Chicago Deal Sheet
Murphy Real Estate Services will restart construction of 8000 North Lincoln Ave., a residential, retail and parking facility at Lincoln Avenue and Oakton Street in downtown north suburban Skokie, according to a report in Crain’s Chicago Business. The company took control of the stalled project last spring and just secured a $38M construction loan from Wintrust Bank.
The $68M mixed-use development, designed by architect Lucien Lagrange, will become a 12-story tower with 153 luxury rental residences. The former developers partnered with the village of Skokie on the project but only completed the foundation and parking garage.
“When considering the quality of design, finish detail and exceptional location, this is clearly a very unique development opportunity for both our firm and the Village of Skokie,” Murphy Real Estate Services CEO John Murphy said in a press release. “The advance of this project was only slowed by the…
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