Land purchased in 2001, developed, and sold in November 2005 – Investor IRR = 78%
Former Sony theater site located close to Westfield’s Old Orchard Mall.
Site was re-zoned and rear portion of site sold to Lennar for 110 residential condominium units.
Significant attention to architectural detail with the Tuscan inspired design.
Tenant roster includes a very successful Portillo’s, a Chicago institution that is the largest privately owned restaurant chain in the Midwest, Fifth Third, Chipotle, Sprint, etc.