A former Blackstone real estate executive and a Chicago developer have paid more than $86 million for a 292-unit apartment complex in Old Town, completing the first large multifamily deal in Chicago of early 2025 and winding down one of late billionaire Sam Zell’s last remaining properties in the city.
Big upgrades planned for Chicago apartment complex previously owned for decades by late Sam Zell
Centaur Capital, JDL pay $86.65 million for Cobbler Square Lofts in Old Town
By Ryan Ori
CoStar News
January 30, 2025 | 7:50 P.M.
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IN THIS ARTICLE
- Properties
- Cobbler Square
1350 Wells, Chicago, IL
- Companies
- Contacts
- John Schreiber
President, Centaur Capital Partners, Inc.