The asset involved is a development site located at 1010 South Wells Street in Chicago. This site has been designated for the construction of a 388-unit, 21-story apartment building, which is part of the Riverline project. The project is designed by Gensler and aims to extend the Chicago Riverwalk while initiating the development of a 15-acre site intended for numerous residential units in the South Loop area.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $83,100,000
• Lender: Wintrust Bank
• Landlord: Colin Kihnke - CMK Companies
• Loan Type: Construction
• Date: 03/24/2026
• Market: Chicago

Colin Kihnke represents CMK Companies in this transaction, securing the construction loan with Wintrust Bank. This financing will facilitate the first phase of a significant urban residential development geared towards enhancing the living landscape along the Chicago River.