Vista Property Secures $173 Million Construction Loan For Multifamily Tower In Fulton Market Chicago

The property involved in this transaction is a multifamily asset located at 370 North Morgan Street in the Fulton Market neighborhood of Chicago, IL. It spans a total square footage of 539,000 and includes 494 units. A construction loan amounting to $173,000,000 was secured for its development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $173,000,000
• Address: 370 North Morgan Street
• Market: Fulton Market, Chicago, IL
• Asset Size: 539,000 SF
• Units: 494
• Lender:
• Landlord: Vista Property - Hymie Mishan, Saul Sutton & Ark Latt
• Loan Type: Construction

The financing for this project was secured by developer Vista Property, which is responsible for the construction of a new 32-story mixed-use multifamily tower. The general contractor for this building is Skender, and the design was executed by Antunovich Associates.