Chicago-based developer, Focus, announced the recent structural completion at 1221 W. Washington Blvd., a new mixed-use tower in Chicago’s Fulton Market neighborhood. Focus is also serving as the general contractor for the project.
Designed by Pappageorge Haymes, the 19-story, 286,232-square-foot luxury development features a concrete podium with a brick façade, topped by a glass curtain wall spanning floors five through 19. Once complete, the development will include 287 apartment units, approximately 2,700 square feet of ground-floor retail space, and 110 parking spaces. Apartment floor plans include a mix of studio, one-bedroom, and two-bedroom rental units. Planned amenities are immense, spanning over 25,000 square feet in total.
“With limited supply coming to Fulton Market, and Chicago as a whole, we are eager to complete construction of 1221 Washington to meet pent-up apartment demand,” said Tim Anderson, president and CEO of Focus. The project team also includes Luxury Living and Partners by Design. The development will be known as 1221, and first deliveries are anticipated in January 2027.
JLL Capital Markets arranged acquisition financing for Lightstone’s purchase of 323 W. 96th St., a 174-unit multifamily property on Manhattan’s Upper West Side. Senior managing director Peter Rotchford and managing director Michael Shmuely worked on behalf of Lightstone to secure the financing from MF1, a wholly owned subsidiary of Berkshire Residential Investments. Lightstone is acquiring...
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The National City Investment Group, a locally owned, privately held real estate investment company, recently broke ground on Market View, a 120-unit multifamily residential community located at 303 Highland Ave. in National City. The development will transform an underutilized parking lot adjacent to Manolo Farmers Market, which has served National City for more than 33...
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Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...
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