(CHICAGO) – Co-developers Hines and McCaffery Interests are pleased to announce that they have secured a construction loan for the development of The Lincoln Common. JPMorgan Chase Bank led the construction financing for the development as administrative agent and co-arranger in conjunction with BMo Harris, LBBW and OCBC.
The mixed-use development – designed by Skidmore, Owings, & Merrill and Antunovich Associates – recently celebrated its groundbreaking with Mayor Rahm Emanuel and Alderman Michele Smith, and construction activity on-site will increase markedly in the coming weeks. W.E. O’Neil is serving as the general contractor executing the construction of the project.
Located at the vibrant intersection of Lincoln, Fullerton and Halsted, The Lincoln Common will serve as a new anchor for the Lincoln Park neighborhood, offering a dynamic live-work-play environment just two blocks from the Fullerton “El” stop. The project will consist of 538 modern apartment homes within two brilliant new buildings; 94,000 square feet of exciting dining and retail space; 47,000 square feet of boutique loft office space; and 40 for-sale condominiums. The Lincoln Common will also provide the community with 67,000 square feet and more than 1.5 acres of open public and park space.
Initial opening of the development is scheduled for late 2018 / early 2019. Register to receive project updates at LincolnCommon.com.