Chicago towers receive $62m construction loan

Lendlease, along with co-developer The John Buck Co. and partner Intercontinental Real Estate Corp., has broken ground on 845 West Madison, a two-tower mixed-use development including 586 residential units in Chicago’s West Loop.

Upon completion, 845 West Madison will include 586 residences, 319 units in the north tower and 254 units in the south tower. The 17-story towers and townhomes will be connected by a two-story podium that includes 10,000 square feet of retail space and 278 parking spaces, 45 percent of which will be available for public use.

The project is expected to be completed in summer 2020.