Apartments on the High-Rise

RMK's Tony Rossi is busy finding financing for more than $250M of apartment projects for 2011. But he's a bit tied up this Friday, when he'll share up-to-the-minute insight on current market conditions as a speaker at Bisnow's second annual Multifamily Summit at theMetropolitan Club.
 
Tony (right, with co-workers Diana Pittro and Tony Rossi) says financing for his $150M-plus Addison Park project might be a little bit more complicated than normal because the building will have 400 below-ground parking spaces, 135 apartments, a 137-room hotel, and two floors (about 150k SF) of retail, and therefore might requiremultiple sources of debt. Just across from Wrigley Field at Addison and Clark, the development will improve the Wrigleyvilleneighborhood's density. Also in preliminary stages is a $100Mluxury-oriented apartment tower at Lake and Dearborn, where M & R Development is replacing an existing parking garage with a 44-storyresidential building. (There's still time to sign up for our Bisnow Multifamily Summit. Scott will be joined by AMLI CEO Greg Mutz, Waterton Associates founder David Schwartz, and many more.)
 
 

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC