January 4, 2019 Comments Off on Lendlease, John Buck Form JV for Chicago MF Development Views: 880 Illinois, Midwest, National News

Lendlease, John Buck Form JV for Chicago MF Development

HFF secured $61.88 million in joint venture equity for the development of 845 West Madison, a 586-unit, luxury multi-housing project in Chicago’s West Loop/Fulton Street submarket. The developer, Lendlease and The John Buck Company, formed a JV equity partnership with Intercontinental Real Estate Corporation.

The project will include two 17-story towers totaling roughly 720,000 square feet of residential space and 10,000 square feet of ground-floor retail along Madison and Monroe Streets. Located on the former H20+ Cosmetics site, the transit-served development will encompass an entire city block.

The podium-style project’s façade will pay homage to Fulton Market’s industrial history by incorporating classic masonry details at the street level ascending to modern glass at the top of the towers. First move-ins are anticipated in summer 2020.

HFF’s equity placement team representing the developer included Danny Kaufman, Christopher Knight and Mary Dooley.

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