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Streeterville apartment building sells for $55M

Streeterville apartment building sells for $55M
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Near North Side , United States , Cook County , Ron Devries , Integra Realty Resources , Federal Reserve , Vanbarton Group , New York Based , Integra Realty , Crescent Heights , North Water Apartments , Arrive Streeterville , Arrive Glenview ,

Streeterville apartment building sells for $55M as complexes fetch low prices amid interest rate hikes

The Vanbarton Group sold Streeterville’s historic The Seneca, a 267-unit apartment building at 200 E. Chestnut St., for $55 million, according to Cook County property records. That’s a big markdown for the New York-based investor, which paid $74.8 million for the 16-story tower in 2014, but taking such hits is not unusual these days. Even though Chicago’s downtown apartment sector is healthy . ....

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