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Transactions - JANUARY 18, 2021

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Ryan Cos. JV breaks ground on $117m Chicago senior community

by Andrea Zander

Ryan Cos. and Harrison Street have broken ground for Clarendale Six Corners, a senior living community in Chicago to be located at the corner of Irving Park Road and Milwaukee Avenue that will cover 1.25 acres of the 4-acre land parcel known as The Point at Six Corners.

Construction and new infrastructure will begin on the 10-story, $117 million mixed-use, retail and senior living property that will include 258 residential units comprising independent living, assisted living and memory care units, and 11 affordable independent living units. Located on a prominent, triangular corner, there will be a variety of dynamic public spaces around the site and an outdoor sky terrace on the fourth floor, as well as 18,000 square feet of street-level retail space.

“This was a long time coming, and we’re ready to be an important anchor in the redevelopment of this prominent intersection,” said Dan Walsh, senior vice president of development, Ryan Cos. “This property will gi

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