Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CRG Multifamily Breaks Ground in “Long Neglected” Uptown
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the conference and to register.
CRG, Clayco’s real estate development group, has broken ground on a 149-unit apartment building in Chicago’s historic Uptown neighborhood. The development is located two blocks from the Red Line Wilson Stop at 4555 N. Sheridan Rd. and is slated for occupancy in July 2019.
“The long neglected Uptown neighborhood is emerging from its shell,” said CRG principal Jay Case. “New developments, including apartments and an urban Target, historically significant entertainment venues and the proximity to the lakefront make Uptown an exciting place to live.”
Along with apartments, the property will contain 5,000 square feet of retail and a 2,000-square-foot rooftop deck. Clayco will serve as the design-builder, and its subsidiary BatesForum is the architect. Capital partners include POB Capital and Principal Real Estate Investors.
CRG is also developing another multifamily property on the North Side, a rental building known as AM 1980, located in the Bucktown neighborhood.
Get Chicago News in 150 WordsFor comments, questions or concerns, please contact Paul Bubny
- ◦Development
