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Another stymied condo development in Chicago’s South Loop neighborhood is going rental.
Lexington Park, which originally was developed as 297 condos in a 35-story tower and additional space in a connected seven-story loft building, will be converted to more than 300 apartments, according to ST Residential LLC, which took possession of the property at Cermak and Indiana last year. Get the full story »
From Reuters | In a sign that the housing market may be poised to recover, U.S. apartment
vacancy rates stopped rising and rents increased modestly in the first
quarter. Last quarter, Chicago-based Equity Residential said it was acquiring properties in key markets.
Get the full story: reuters.com.
