print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Products
Commercial Real Estate News

Big Mixed-Use Redevelopment Planned in Chicago

KIG Brings $111M Joint Venture Together
August 12, 2016
KIG announced a mixed-use redevelopment of the 5.65 acres and 410-unit Medical District Apts. at 901 S. Ashland Ave. in Chicago, IL.

The $111 million project is a joint venture between the property owner, Guggenheim Real Estate LLC (GRE), as well as Atlantic Realty Partners and Focus Development Inc. The project will include a complete rehab of the two residential towers and possibly a redevelopment of the two parking structures.

Tjarksen and KIG Managing Partner Todd Stofflet were in charge of putting this joint venture together on GRE’s behalf. Atlantic Realty Partners and Focus Development put together the development and construction plans. Focus Construction will be the general contractor for the rehab and new construction.
GET IN TOUCH        Contact CoStar News Team:   News@CoStar.com

 Find us on 

Welcome To CoStar's
Industry-Focused,
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News