JLL Capital Markets arranges $127 million refinancing of the 444-unit 465 North Park Drive multi-housing project in Chicago’s Streeterville neighborhood

 

Mary Dooley

 CHICAGO, IL April. 11, 2024 – JLL Capital Markets announced today that it has closed the $127 million refinancing of 465 N. Park Dr., a 444-unit, located in the Streeterville neighborhood of downtown Chicago.

Medina Spiodic

JLL represented the borrower, a joint venture between MetLife Investment Management and Allstate Investments, to secure the five-year loan through The Northwestern Mutual Life Insurance Company.

 

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Danny Kaufman, Director Mary Dooley, Director Medina Spiodic, Associate Tara Hagerty and Associate Rebecca Brielmaier.

 

Built in 2018, the 48-story, LEED-certified property features studio, one-, two- and three-bedroom units with maple white quartz countertops, stainless steel appliances, hardwood plank flooring, spacious walk-in closets, in-unit washers and dryers and floor-to-ceiling windows.

 Tara Hagerty

The 40,000 square foot amenity package includes a rooftop pool with private cabanas, a resort-style hot tub and sauna, a relaxing lounge with a fireplace, a state-of-the-art fitness center, a work-from-home conference center, ample green space, a club room with lake views, a rooftop sky deck and an outdoor dining area with grilling stations.

Rebecca Brielmaier

465 N. Park Dr. is positioned within walking distance of the Magnificent Mile, Navy Pier, the Chicago Riverwalk, Lakefront Trail and Lake Michigan.

 

Residents benefit from proximity to popular retail, dining and entertainment, as well as numerous transit options. It’s positioning offers immediate access to Northwestern’s seven-block medical campus and the Shirley Ryan Ability Lab.

 

In addition, the community is steps from the Loop and Chicago’s top employers, including Google’s revitalized Thompson Center and Salesforce Tower.

Daniel Kaufman

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

 

CONTACT:

 

Jenna Sharp

JLL, Public Relations

 Capital Markets

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

Natalia Pierce from Detail by Design Awarded First Place in the 2024 KCMA® Design Awards Competition for Outstanding Kitchen Design Projects by Kitchen & Bath Professionals

 

Natalia Pierce

RESTON, VA – The Kitchen Cabinet Manufacturers Association (KCMA) has recognized Natalia Pierce, CMKBD from Detail by Design studio in Ontario, Canada as its first-place winner in the association’s first KCMA Design Awards competition.

After judges reviewed all the entries in the first KCMA^® Design Awards program for 2024, Pierce was selected based on the total number of points for her project. The announcement was made by KCMA CEO Betsy Natz.

Betsy Natz

“The judges had a tough job in our first program because the designs, frankly, were all terrific,” Natz said in making the announcement. “As a first for KCMA, we’re extremely pleased with the quality of our program, and Natalia’s well-earned first place shows the strength of her design.”

Entries were judged by a panel of six all-star judges on seven separate categories: Innovation, Aesthetics, Functionality, Durability, Utility, Emotional Quotient (EQ) and an Overall Rating.

The KCMA Design Award Program was the association’s way of providing a great opportunity for architect, interior design, builder, remodeler, and kitchen and bath design firms to showcase their best designs, gain recognition among their peers, and build exposure for their work and firm.

“The field of 21 entries, while small, represented the crème de la crème of designers,” Natz added, “and I’m sure as awareness builds about our new program – which involves KCMA member cabinet companies as part of the criteria for entry – it will only expand in bringing together great designs.

“It’s a way to spark community engagement by shining a spotlight on innovation, quality, and originality. We’re very pleased with the results.”

Entries for the KCMA 2024 Design Awards program were submitted through April 1. Natalia, by earning First Award for Best Kitchen Design, will receive a trip to the 2024 KCMA Spring Leadership Conference to accept her award which includes airfare, accommodations, and a $1,000 stipend for expenses.

She will also be featured on the KCMA website. Her design included cabinets manufactured by KCMA member Cuisine Ideale.

Michael Horton

The Second Award for 2^nd Best Kitchen design received a $500 cash award. That spot went to Cassidy Jones, from Slate Creek Builders who used cabinets manufactured by KCMA member Dura Supreme Cabinetry.

Third Place was awarded to Michael Horton from Horton Harper Architects, who used cabinets manufactured by KCMA member Corsi Group, Inc.

“I’d like to personally thank all the judges and participants for making our first Awards contest a success,” Natz added. “We’re excited about what we’re happy to call our Second Annual KCMA Design Awards program for 2025!”

For additional questions, contact: Jim Nowakowski, Phone: (847) 358-4848, Email: 

 

 

CONTACT:

Jim Nowakowski

(847) 358-4848

 jim@interlinegroup.com.