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Associated Bank Lends on Greystar’s Fulton Market Project
Associated Bank completed a $59,726,778 loan to Greystar / GS Aberdeen Owner, LLC, for construction of a 223-unit, 20-story apartment building at 166 N. Aberdeen St. in the Fulton Market District. The project, which will be constructed on a 0.6 acre-parcel that was the former site of the Fabbri Sausage plant, will also have approximately 3,500 square feet of street-level retail.
Edward “Ted’ Notz, an SVP with Associated Bank’s Commercial Real Estate Division, handled the loan arrangements and closing. Associated Bank was the lead arranger and administrative agent, working with ServisFirst Bank and Old Second National Bank.
The project is located a few blocks from CTA’s Morgan Street “El” station, in addition to McDonald’s headquarters and Google’s Chicago headquarters. Twenty-three units will be designated as affordable housing. Completion is projected for Spring 2023.
- ◦Financing


