CHICAGO, IL – The Chicago office of HFF (Holliday Fenoglio Fowler, L.P.) is marketing the pre-sale of 300 North Michigan Avenue,(right top photo) a planned vertical mixed-use development in Chicago. HFF senior managing director Matthew Lawton and directors Daniel Kaufman and Kenneth Glomb will lea
d the investment sales team on behalf of the client, Provence Development Group. Investors may purchase the entire development or individual components and will have input in the Project’s Master Plan as well as flexibility to complete the interior architecture of each vertical component to their own specifications. The development is being marketed without an asking price.
d the investment sales team on behalf of the client, Provence Development Group. Investors may purchase the entire development or individual components and will have input in the Project’s Master Plan as well as flexibility to complete the interior architecture of each vertical component to their own specifications. The development is being marketed without an asking price.Upon completion in the third quarter of 2011, 300 North Michigan Avenue will have 28,912 square feet of retail space on the first two floors, a 300-room hotel on the third through 23rd floors, a 225-unit multifamily component on floors 24 through 52, and a 160-space underground parking garage. The development site is located at the northwest corner of Michigan Avenue and East Wacker Place along Chicago’s “Magnificent Mile”, and is proximate to the Chicago Loop Financial District, Millennium Park, Museum Campus and the Michigan Avenue retail corridor.
“Vertically integrated mixed-use developments have long been a part of Chicago’s urban vocabulary,” said Lawton. “300 North Michigan represents an opportunity to invest in or acquire some or all of the components in a premier high-rise development that is being planned in response to the enormous demand for new retail, residential and hotel space on Chicago’s Magnificent Mile and in downtown Chicago.”
CONTACTS:
Laurie Fish McDowell
Associate Director HFF
Associate Director HFF
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990
tel 617.338.0990
fax 617.338.2150
Kenneth J. Glomb
HFF Director
312 528 3650
Daniel A. Kaufman
HFF Director 312 528 3650
Matthew D. Lawton
HFF Senior Managing Director
312 528 3650
312 528 3650
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