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Chicago & Midwest  + Greater Chicagoland  + Student Housing  | 

Associated Bank Provides $20M Construction Debt on Champaign Student Housing

Associated Bank completed a $19,927,696 construction loan to Green Street Realty and Jackson Dearborn Partners for a student housing project adjacent to the University of Illinois at Champaign-Urbana. ICON, the six-story, 276-bed student housing building, will be located at 309 E. Springfield Ave. in Champaign’s Campustown neighborhood.

The project will have studio, one, two, three and four-bedroom units. Amenities will include a fitness center, lobby and lounge area, and a third-floor deck with an outdoor grilling area.

SVP Alec Bliss of the Commercial Real Estate division of Associated Bank managed the loan and closing. Ground has been broken on ICON, and completion is anticipated in time for the start of the 2021 / 2022 school year.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Development
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