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Multifamily Developer Proposes 1,000 New Units for Struggling Chicago Market

Pacific Reach Properties Looks to Build Two Towers in West Loop
Pacific Reach Properties is proposing two towers with more than 1,000 multifamily units in Chicago’s West Loop neighborhood. (Alderman Brendan Reilly)
Pacific Reach Properties is proposing two towers with more than 1,000 multifamily units in Chicago’s West Loop neighborhood. (Alderman Brendan Reilly)
By Jennifer Waters
CoStar News
February 23, 2021 | 7:34 P.M.

At a time when the multifamily industry in downtown Chicago is in the worst shape it’s been in decades, a Canadian developer sees promise in the future with a proposal to add more than 1,000 units to the market.

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News | Multifamily Developer Proposes 1,000 New Units for Struggling Chicago Market