A new rendering of the high-rise slated for the Grossinger Cadillac site in Old Town has been released, and it's quite a change from the clunkier renderings that had been circulating in recent months. Crain's reports that Hines Interests secured a $59-million construction loan for the project, which will soon break ground. Some other interesting tidbits from the article: The 250-unit apartment building will have 18 floors (up from 16), and
JDL Development is no longer involved with the project.
UPDATE: As CityKid points out, the Crain's article has been corrected to show that JDL is in fact still involved with the development.
· Hines lands $59-million loan for Old Town apartment project [Crain's]
· Demolition Underway at Old Town Site; Construction "Imminent" [Curbed Chicago]