The city of Chicago is currently being bombarded with tons of new developments. This is good for anyone looking to relocate or looking for investment properties. Besides new developments, buildings are being bought out as well. TGM Associates, New York Investor, agreed to buy Northshore 770 Apartments, which happens to be located near the Edens Expressway. The deal is expected to be complete mid-September.
The sellers happen to be a joint venture between Crossroads Development Partners of Schaumburg and Morningside Group, which is based in Chicago. Northshore 770 comes with a 102,000 square foot Marianos shopping center. However, this retail space was sold for $68.5 million in November 2016 by the developers. Once this transaction is complete, we can expect many new things to be added/done to the Northbrook Apartments that will increase occupation.
As more information becomes available, we’ll be sure to keep you in the loop!
Check out other developments that are going up around the city by viewing the related links below!