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