HFF announces equity raise and financing for development of No. 9 Walton in Chicago, IL

Rendering of planned No. 9 Walton Condominium Development
Gold Coast Neighborhood, Chicago, IL

Matthew Lawton

CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged an equity raise and financing on behalf of JDL Development, LLC for the development of No. 9 Walton, a 67-unit, super luxury condominium project in Chicago’s Gold Coast. 

The equity capital was provided by Cindat Capital Management Ltd.  iStar Inc. is providing the project’s debt financing in the form of a first mortgage and mezzanine construction loans.

Due for completion in 2017, No. 9 Walton will be built on a site at the intersection of West Walton and North State Streets, less than a block from Washington Square Park and in close proximity to numerous dining and retail amenities in Chicago’s Gold Coast and Miracle Mile neighborhoods.

 The 36-story landmark project will contain 67 residences averaging 4,000 square feet each that are well equipped with top-of-the-line luxury finishes throughout.

 The amenity-rich tower will include an indoor lap pool, hot tub, steam room, sauna, fully-equipped fitness center with Pilates and Gyrotonic machines, private wine storage, private dining room, covered dog run, dry cleaning service and car service.  35 percent of the units were pre-sold at time of closing. 

The HFF team representing the developer, JDL Development, LLC, was led by executive managing director Matthew Lawton and senior managing director Dan Cashdan.

For a complete copy of the company’s news release, please contact:

  

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com