A joint venture controlled by Mavrek Development secured a $106.3 million senior loan to refinance The Saint Grand, a class A multifamily property located in the Streeterville submarket of downtown Chicago.
Canyon Partners Real Estate provided the loan. JLL Capital Markets facilitated the transaction.
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. Apartment units feature floor-to-ceiling windows, luxury plank flooring, custom quartz countertops, and in-unit washer and dryer facilities. The retail portion of the property is leased to three retailers: Club Studio Fitness, Wintrust Bank and Tropical Smoothie Café.
The property offers a range of amenities, including co-working areas; electric vehicle charging stations; bike storage; a 24/7 concierge; an outdoor pet area; and an expansive rooftop terrace with a state-of-the-art fitness center, swi
