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Big Residential Project Near Chicago-Area Mall Lands $100 Million in Construction Financing

Planned Apartments Are Part of National Development Strategy To Build Alongside Retail Centers
Tucker Development and Wingspan Develoment have landed $100 million in construction financing for a 294-unit residential development at 5400 Old Orchard Road in Skokie, Illinois. (Tucker/Wingspan)
Tucker Development and Wingspan Develoment have landed $100 million in construction financing for a 294-unit residential development at 5400 Old Orchard Road in Skokie, Illinois. (Tucker/Wingspan)
CoStar News
October 24, 2023 | 10:37 P.M.

As mall owners throughout the country theorize that there are profits to be made building apartments alongside major retail centers, two Chicago-area developers are making a $130 million bet that they’re right.

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