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Transactions - NOVEMBER 22, 2021

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AECOM-Canyon, Tucker announce Chicago mixed-use development

by Released

Canyon Partners and Tucker Development have plans to develop a mixed-use project in Lincolnwood, Ill., a suburb of Chicago.

The project, called District 1860, will consist of 299 mid-rise multifamily units and more than 40,000 leasable square feet of additional retail and restaurant space. The joint venture simultaneously closed on a senior construction loan from Pacific Western Bank (PWB) and construction already has begun.

The transit-oriented development close to downtown Chicago and Evanston is accessible to major highways, Oakton-Skokie CTA and Edgebrook Metra train stations. The complex also will have easy access to neighboring employment hubs, and Chicago O’Hare International Airport. At closing, the retail space is 65 percent pre-leased and will feature an Amazon Fresh grocery store. The development will include additional retail space with multiple dining options, public space for gatherings as well as class-A multifamily units with high-end finishes and ame

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