Thursday, September 4, 2014

O'Donnell lands nearly $300 million construction loan for West Loop tower

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ChicagoRealEstateDaily.com
By: David Lee Matthews | Sept 3, 2014 | ChicagoRealEstateDaily.com

After landing William Blair & Co. as his anchor tenant last year, developer John O'Donnell now has nearly $300 million in construction financing to build his planned riverfront office tower in the West Loop. A group of lenders provided a $296 million loan to finance the 53-story, 1.2-million-square-foot office tower already under construction at 150 N. Riverside Plaza, according to RBS Citizens N. A., one of the lenders involved. Designed by Goettsch Partners Inc., the $490 million building is expected to open in fourth-quarter 2016, one of the first big downtown office... Read More...

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