Vermilion Development CEO Dave Cocagne says that a bank has agreed to a term sheet to finance the $114 million Harper Court redevelopment in Hyde Park. Vermilion also claims to have 60 percent of the retail leased (although they aren't releasing any names just yet), and they'll announce a hotel operator next month. "We're looking forward to getting a shovel in the ground by the end of the year," Cocagne says. [Hyde Park Herald]
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