{"id":1004118122,"date":"2015-04-23T10:59:51","date_gmt":"2015-04-23T18:59:51","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=342733"},"modified":"2020-04-22T22:17:49","modified_gmt":"2020-04-23T06:17:49","slug":"oak-grove-capital-secures-construction-financing-for-logan-square-tod","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\/","title":{"rendered":"Oak Grove Capital Secures Construction Financing for Logan Square TOD"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

2211 N. Milwaukee<\/p>\n<\/div>\n

Oak Grove Capital of St. Paul, Minn., has secured construction financing for a transit-oriented development in Chicago\u2019s Logan Square neighborhood. According to a news release, Principal Real Estate Investors provided $27.9 million in construction financing for New York City-based Property Markets Group to build a 120-unit, market-rate, mid-rise luxury apartment building at 2211 N. Milwaukee.<\/p>\n

\u201cThis opportunity was appealing to us, as the development is well located in a large metropolitan city, is urban in nature and has the added benefit of being very transit oriented,\u201d said Jon Buenneke, investment director for mortgages at Principal Real Estate Investors. \u201c\u201dWe are excited to provide this comprehensive financing package to PMG so they can develop a quality property in a great location.\u201d<\/p>\n

The TOD at 2211 N. Milwaukee was designed by Brininstool + Lynch and features 120 market-rate apartments, 67 parking spaces and 5,246 square feet of ground-floor retail, Curbed Chicago reports<\/a>. The development, expected to become LEED certified, will also include outdoor green spaces and private gardening areas for residents. The property is designed to reduce traffic congestion in the area and will also include bicycle parking spaces.<\/p>\n

Rendering courtesy of Brininstool + Lynch via Curbed Chicago <\/em><\/p>\n

Get more<\/a><\/strong> data on Chicago\u2019s multifamily market.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Oak Grove Capital of St. Paul, Minn. has secured construction financing for a transit-oriented development in Chicago’s Logan Square neighborhood.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004118122","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"\nOak Grove Capital Secures Construction Financing for Logan Square TOD - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oak Grove Capital Secures Construction Financing for Logan Square TOD\" \/>\n<meta property=\"og:description\" content=\"Oak Grove Capital of St. Paul, Minn. has secured construction financing for a transit-oriented development in Chicago’s Logan Square neighborhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-23T18:59:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-23T06:17:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/2211-n-milwaukee-2.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"Oak Grove Capital Secures Construction Financing for Logan Square TOD\",\"datePublished\":\"2015-04-23T18:59:51+00:00\",\"dateModified\":\"2020-04-23T06:17:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\\\/\"},\"wordCount\":215,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/04\\\/2211-n-milwaukee-2.jpg\",\"articleSection\":[\"Chicago\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oak-grove-capital-secures-construction-financing-for-logan-square-tod\\\/\",\"name\":\"Oak Grove Capital Secures Construction Financing for Logan Square TOD - 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