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This Week's Chicago Deal Sheet

May 02, 2017
By: Chuck Sudo, Bisnow, Chicago

Courtesy of Fifield Cos. - David Friedman, Ronna Friedman, Ald. Walter Burnett, Randy Fifield and Steve Fifield celebrate breaking ground at the 727 West Madison construction site.

Steve and Randy Fifield have two major Chicago multifamily developments in the pipeline. The Sinclair in the Gold Coast is on track for a September delivery and last week, the Fifields broke ground on 727 West Madison.

The groundbreaking is somewhat miraculous. The 44-story project, designed by Fitzgerald Associates Architects, was in danger of losing its zoning last March. Fifield entered the picture late last year and secured 8M in construction financing through the Bank of the Ozarks last month. 727 West Madison will include 492 luxury apartments and more than 10K SF of retail. When it is delivered in late 2018, it will be the tallest building in the West Loop.

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