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Apartment tower in Chicago’s Gold Coast handed back to lender

TPG Angelo Gordon and partners refinanced 31-story tower for more than $130 million in 2020

The 185-unit apartment tower at 2 W. Delaware Place in Chicago has been handed back to its lender. (Justin Schmidt/CoStar)
The 185-unit apartment tower at 2 W. Delaware Place in Chicago has been handed back to its lender. (Justin Schmidt/CoStar)

The longtime owners of a 185-unit apartment tower in Chicago’s Gold Coast have handed it back to the lender that provided a more than $130 million refinance in late 2020, less than a year into COVID-19.

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