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Retirement News : Seniors : Retirement Tower Developer Lines Up $230M

Retirement Tower Developer Lines Up $230M

Date Added: 10-11-2005

Chicago anticipates a new, large retirement complex.  Read the excerpt below.

GlobeSt. com - New York,NY,USA

By Mark Ruda

November 9, 2005 

CHICAGO-Greystone Communities Inc. has lined up $229.8 million in loans from the Illinois Finance Authority to build a 314-unit senior housing building with 32 skilled nursing beds on Loyola University's Gold Coast campus. Fitch Ratings reports construction is expected to begin next month at 55 E. Pearson St., even as presales at the 53-story Clare at Water Tower have hit a "relatively low" 65% level.

Read the entire article:

http://www.globest.com/news/410_410/chicago/140027-1.html

 
 

 

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