May 5, 2017 Comments Off on CIM Group Moves into Old Town Chicago with Golub, Avoda Views: 681 Illinois, Midwest, National News

CIM Group Moves into Old Town Chicago with Golub, Avoda

May 5, 2017

Los Angeles-based CIM Group formed a joint venture with a pair of Chicago-based firms, Golub & Company and Avoda Group, to acquire a half-acre site on Chicago’s Near North Side envisioned for development as a luxury residential building. The property is located at Clark Street and North Avenue, along Lincoln Park.

Golub & Company’s Michael Newman said, “There are very few sites on the Near North Side with immediate access to Lincoln Park and valuable protected views both of the Park and the lakefront, two irreplaceable neighborhood amenities.” Views are protected in all directions by the partnership’s ownership of adjacent air-rights, and by neighboring low-rise historic buildings.

Conditional approvals were granted previously for a 10-story, 33-unit luxury condominium project on the site. The CIM/Golub/Avoda team plans to unveil a new design this summer, with updated floor plans, finishes and amenities within the existing development program approvals.

Read more at PR Newswire

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