Friday, April 13, 2007

Midwest Real Estate News: Chase Tower Parking Garage

Brookfield Real Estate Opportunity Fund (the "Fund"), established by Brookfield Asset Management Inc of Toronto, which owns the Chase Tower has submitted a proposal to convert the tower's parking garage on the corner of Water and Clybourn into a mixed-use opportunity. The new proposal will still keep the existing parking structure. However, the Fund will add another 25-30 stories above the existing parking structure. The additional space will include first floor retail, 12-stories of office space, and the remaining floors will be devoted to condominium units. In addition, the Fund's proposal will also enhance the Riverwalk along the building and to provide boat slips for the condominium residents. Megan Brody, staff writer for the Midwest Real Estate News, writes more about this new development>>>

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posted by David Ray @ 6:49 AM

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