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Strategic Properties Saves $190M Chicago Condo Deconversion

Summary by The Real Deal
Attorney Howard Dakoff with 10 East Ontario Street (Levenfeld Pearlstein, Google Maps) Chicago’s biggest condo-to-apartments deal has been resurrected after it took a step toward the graveyard due to rising interest rates. Yitzy Klor’s Strategic Properties of North America is set to buy out the owners of all 467 condo units in the 51-story Ontario Place building in River North for $190 million, Crain’s reported. The deal is picking back up after…
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The Real Deal broke the news in New York, United States on Monday, January 9, 2023.
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