Posted Jun 23, 2020, 6:34 PM
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Registered User
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Join Date: Oct 2007
Location: Seattle
Posts: 1,367
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Crecent heights bought the biggish lot just south of R+D. Personally, this lot has been near the top of my shortlist of surface lots I have wanted to see developed.
Quote:
Crains:
Apartment developer pays $20 million for West Loop lot
The acquisition by Crescent Heights—which built the South Loop's tallest skyscraper—stands out at a time many developers, investors and lenders have hit the pause button because of the coronavirus pandemic.
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After building the tallest skyscraper in the South Loop, a Miami residential developer has found a site in the West Loop for another big project.
Crescent Heights paid $20.1 million for a 36,000-square-foot parcel at 640 W. Washington Blvd., currently a parking lot just east of the Kennedy Expressway, according to the Chicago office of CBRE, which brokered the sale.
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