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| Rendering from ChicagoBusiness.com |
Undaunted by the worst downtown apartment market in two decades, a Naperville developer is moving forward with two rental projects totaling more than 500 units on the west end of the Fulton Market District. Marquette has scored construction financing for the two developments near Union Park, an 11-story building at 1454 W. Randolph St. and a 26-story project at 1400 W. Randolph, said Darren Sloniger, the company’s president and chief investment officer. That’s tough to pull off in the current real estate market, which has pushed many lenders and equity investors to the sidelines, unwilling to finance big, risky developments. Read More....
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