Arcapita US Residential Developmental III

In June 2005, Arcapita entered into a joint venture with Elysian Development Group – Chicago, LLC (“Elysian”) to construct a 60-story high-rise tower in Chicago, Illinois. Centrally located in the heart of Chicago’s vibrant Gold Coast neighborhood, the project consisted of 51 residential condominiums, 188 hotel suites, retail space, a health club and spa, an upscale restaurant, a two-level, 110-space subterranean parking garage, and a 12,407 square foot land parcel situated in the southwest corner of the site at the time of acquisition by Arcapita. Elysian is a consortium of preeminent companies and individuals with extensive real estate experience in residential, retail, office, hotel, spa and mixed-use properties. The group has an impressive track record of more than 80 highly successful development projects throughout the United States.

Investment Type

Real Estate

Region

United States

Exit Date

2014