KIG brokered the sale of a quarter-acre parking lot adjacent to the Ruth Page Center for the Performing Arts in Chicago’s Gold Coast neighborhood.
Chicago-based Lexington Homes purchased the property, located at 1022-28 N. Dearborn Parkway, from the Ruth Page Foundation for nearly $16.6 million, with plans to develop a 28-story luxury condominium tower on the site.
The Ruth Page Center will continue to operate out of its current building, located immediately south of the planned tower.
Designed by Chicago-based Pappageorge Haymes Partners, the planned 28-story high-rise provides for up to 50 luxury condominiums with private balconies and deeded parking.
