PNC
Bank is providing the $51.3 million construction loan for construction of a $70
million, 26 story, 320 unit apartment building at 1136 Douth Wabash in the
South Loop neighborhood. PNC says it is comfortable making the loan after the
developer paid off a $70 million construction loan earlier this year on the 351
unit Arkadia Tower apartment complex in Greektown. The Wabash project is being
built by Lendlease.
