A condo deal abandoned during the 2008 downturn, Magellan Development, in partnership with ST Residential, converted this gorgeous 35-story tower into Chicago’s South Loop ultimate luxury high-rise apartment community.
Anchored by Kara Mann’s fiercely directive design, the building made waves.
329 units leased up in 12 months at a 26% gain to pro forma rates.
HFF sold the asset at a record-breaking price after receiving over 88 best and final bids for the portfolio.
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