Wednesday, April 11, 2007

Building the New City

Plans are continuing to move forward regarding the redevelopment of the New City YMCA property near North Avenue and Halsted Street in Chicago.

Structured Development, LLC and Wilton, CT based Commonfund Realty, Inc. have teamed up to develop the 8.5 acre parcel, plans for which were recently unveiled to the public. The mixed-use project of residential and retail development, together with a public plaza and parking spaces, is expected to cost some $270 million.

Disclaimer in the interest of fairness: I represent Structured Development in this matter. All information disclosed here is public.