High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + Opportunity Zones  | 

Massive Prairie Shores Complex Comes onto the Market

Developer Draper & Kramer has hired HFF to market the 20-acre Prairie Shores complex. At 1,675 units it would be Chicago’s largest multifamily property to trade since Presidential Towers changed hands in 2007, Crain’s Chicago Business reported.

HFF is pitching Prairie Shores as an opportunity to place a big bet on an emerging Chicago neighborhood close to Lake Michigan, Crain’s reported. The property is a few blocks south of McCormick Square. It also sits in an Opportunity Zone.

“Prairie Shores is nestled between the South Loop, McCormick Square, Chinatown and Bronzeville,” HFF says in a marketing brochure. “This blossoming community is flourishing from a momentum of development, population growth, income influx, and new entertainment destinations—including the new Wintrust Arena, Historic Motor Row, McCormick Place and exciting new hotel and culinary options.”

Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Read more at Crain's ChicagoConnect With Draper & Kramer

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).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action