Tucker Development and Wingspan Development are seeking construction financing for a luxury apartment development in Skokie, Illinois. The project is
Tucker Development and Wingspan Development are seeking construction financing for a luxury apartment development in Skokie, Illinois. The project ...
Tucker Development and Wingspan Development are seeking construction financing for a luxury apartment development in Skokie, Illinois. The project is planned for a site on Old Orchard Road, with construction expected to start by the end of the year. The development will be located near the Old Orchard mall and is expected to compete with a new apartment complex planned for the nearby Westfield Old Orchard shopping center. Rising interest rates have pushed up borrowing costs, and lenders have become more conservative, making it harder for developers to finance new projects.