A Miami-based developer is seeking a buyer or development partner for a high-profile Chicago site where it has zoning approval for a 413-unit tower, just weeks after buying an existing multifamily property at a big discount from its previous sale price.
Miami Firm Seeks Development Partner for Prominent Chicago Site After Buying Existing Buildings at Discounts
Crescent Heights’ Recent Deals Demonstrate Tricky Balancing Act Faced by Investors, Even Where Rents Are Growing
By Ryan Ori
CoStar News
April 8, 2024 | 5:49 P.M.
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IN THIS ARTICLE
- Properties
- 850 Lake Shore Drive
850 Lake Shore Dr, Chicago, IL
- North Water Apartments
340 North Water St, Chicago, IL
- Companies
- Crescent Heights
Construction