JLL has arranged $38.1 million senior construction financing and $6.0 million in preferred equity for 310 West Huron, a 149-unit luxury multifamily development project in Chicago, Illinois.
JLL worked on behalf of the borrower, a joint venture between Third Coast Real Estate and ZSD, in securing the three-year construction facility through CIBC and preferred equity investment from N3 Capital Management. JLL Capital Market’s Debt Advisory team was led by Managing Director Christopher Knight, Director Mary Dooley and Analyst Ryan Planek. The development is a partnership between ZSD and Third Coast Real Estate.
The project is located at 310 W. Huron St. in Chicago’s River North neighborhood, one block from the Chicago Avenue CTA “L” train station. The nine-story, 134,000-square-foot building will feature studios, one- and two-bedroom apartments, including 11 two-story units with private patios. The project also includes approximately 3,700 square feet of ground-floor retail space and 21 parking spaces. Construction has already commenced, with completion expected in March 2027.
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