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Chicago apartment developers secure nearly $300 million in fresh debt

Convexity, Mavrek land financing as lenders warm to new construction projects
An Aldi grocery store and 380-unit apartment tower are planned for 1000 W. Jackson Blvd. in Chicago. (Eckenhoff Saunders)
An Aldi grocery store and 380-unit apartment tower are planned for 1000 W. Jackson Blvd. in Chicago. (Eckenhoff Saunders)
CoStar News
September 2, 2026 | 8:32 P.M.

Lenders are providing nearly $300 million to help fund two big apartment developments in Chicago, a hopeful sign after years of sluggish new construction.

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