Miami-Based Crescent Heights Inc. Purchases Stake in South Loop Tower

by Chicago Agent

According to ChicagoRealEstateDaily.com, Miami-based developer Crescent Heights Inc. has purchased a major stake in the South Loop’s Astoria Tower.

Crescent Heights paid Geneva Capital Group about $45 million last week for 205 of the tower’s 248 units. Completed last year by Chicago developer William Warman, the Asoria Tower required Geneva Capital to take out a $79.4 million construction loan.

In December of 2009, Crescent Heights purchased Ciftyfront Place in Streeterville for $82 million.

Read More Related to This Post

Join the conversation

New Subscribe

  • This field is for validation purposes and should be left unchanged.