Canyon Partners Real Estate has provided a $106.3 million senior loan to a joint venture controlled by Mavrek Development to refinance The Saint Grand, a multifamily property in Chicago’s Streeterville neighborhood.
The transaction was facilitated by JLL. The Saint Grand is a newly built, 21-story mixed-use tower featuring 248 market-rate apartment units, a 103-stall parking garage and 46,946 square feet of retail space. The retail portion of the property is leased to Club Studio Fitness, Wintrust Bank, and Tropical Smoothie Café.
The Saint Grand is a short walk from Chicago’s Magnificent Mile, Northwestern Medicine’s Downtown Medical Campus, and Lake Michigan. The property is directly across the street from a Whole Foods Market and within four blocks of a Trader Joe’s and a Target grocery store. The Saint Grand is a co-development and joint venture between Mavrek, Double Eagle Development, Luxury Living, and GW Properties.
The post Canyon Partners Real Estate Provides Financing for The Saint Grand in Chicago appeared first on Connect CRE.
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