Tucker Development And Wingspan Development Group Secure $100M Loan For Skokie Apartment Project

Aaron Tucker and Nick Papanicholas Jr. have secured a $100 million construction loan for their 10.5-acre development site located at 5400 Old Orchard Road in Skokie. The loan, provided by Kennedy Wilson, will support the development of a 300-unit mixed-use apartment project known as the Henry at Harms Woods. With the funding in place, Tucker Development and Wingspan Development Group are set to begin demolition in the winter and commence construction in the spring.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $100,000,000
• Address: 5400 Old Orchard Road
• Market: Skokie
• Landlord: Tucker Development - Aaron Tucker; Wingspan Development Group - Nick Papanicholas Jr.
• Lender: Kennedy Wilson
• Loan Type: Construction Loan
• Asset Size: 10.5 acres

The Henry at Harms Woods project is spearheaded by Aaron Tucker of Tucker Development and Nick Papanicholas Jr. of Wingspan Development Group. This collaboration between the two prominent developers has allowed for the acquisition of the necessary financing to bring this ambitious project to life. As the demolition and construction phases approach, anticipation builds for the future completion of this 300-unit mixed-use apartment development in Skokie.