HFF announces $61.88 million equity for 845 West Madison in Chicago, IL

Rendering of planned 845 Madison Apartments,
West Loop/Fulton street submarket, Chicago, IL

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces $61.88 million in joint venture equity for the development of 845 West Madison, a 586-unit, luxury multi-housing project in Chicago’s West Loop/Fulton Street submarket.

The HFF team worked on behalf of the developer, Lendlease and The John Buck Company, to arrange the joint venture equity partnership with Intercontinental Real Estate Corporation.

Daniel Kaufman

845 West Madison is slated to welcome first move-ins in the summer of 2020 and will include two 17-story towers totaling approximately 720,000 square feet of residential space and 10,000 square feet of ground-floor retail along Madison and Monroe Streets. 

 Located on the former H20+ Cosmetics site, the project will encompass an entire city block. 

The site is steps from many of the city’s Michelin-rated restaurants, some of the top nightlife destinations and a growing number of retail options. 

 845 West Madison is also a short walk to Chicago’s central business district with more than 46.3 million square feet of office space in the West Loop submarket. 

The HFF equity placement team representing the developer included managing director Danny Kaufman, director Christopher Knight and associate Mary Dooley.

Mary Dooley

The transit-served development will provide residents with multiple connectivity points to the entire Chicagoland area.  The project is just off Interstate 90/94 and within four blocks of two CTA “L” stations serving the green, pink and blue lines and CTA bus stops serving routes 8, 20 and 126.

Christopher Knight

Designed by GREC Architects, the podium-style project’s façade will pay homage to Fulton Market’s industrial history by incorporating classic masonry details at the street level ascending to modern glass at the top of the towers. 

Units will feature top-of-the-line finishes, including stainless steel appliances, gas cooktops, quartz countertops, ceramic tile backsplashes, floor-to-ceiling windows, engineered wood floors throughout, frameless shower doors, nine-foot ceilings, in-unit washers and dryers, and balconies in select units. 

 Both towers will share a one-acre outdoor amenity deck, featuring expansive green spaces, two pools and a lounge area with grills and fireplaces.

  Additional community amenities will include a fitness center, yoga room, game room, resident lounge, coffee bar, demonstration kitchen, dog park, co-working space and a 278-stall parking garage.

CONTACTS:

DANNY KAUFMAN

HFF Managing Director

(312) 528-3650

dkaufman@hfflp.com

CHRISTOPHER KNIGHT

HFF Director

(312) 528-3650

cknight@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com

www.tjbc.com.
www.intercontinental.net
www.lendlease.com